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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Perry who wrote (11000)	9/14/1999 10:30:00 AM
From: Sean	Read Replies (1) \| Respond to of 17679

iNEXTV Completes Acquisition of Interest in Germany's TV1 Internet Television; Deal with Germany's Leading Webcaster Launches European Expansion for Leading Internet Video Network NEW YORK--(BUSINESS WIRE)--Sept. 14, 1999--iNEXTV Corporation, a wholly-owned subsidiary of Ampex Corporation (Amex:AXC), announced today that it has completed its acquisition of a minority interest in TV1 Internet Television of Munich, Germany. iNEXTV signed a letter of intent to acquire a minority interest in TV1 in June of 1999 and has the option to further increase its ownership. iNEXTV is the premier developer and netcaster of original video programming for the Internet. TV1 Internet Television is Germany's leading webcaster and one of the foremost Internet video sites in Europe. "TV1 is a leader in the European Internet video industry and our agreement will allow us to expand the scope of programming and improve streaming media technology," said Edward J. Bramson, Chairman of Ampex Corporation. "Our relationship with Germany's leading Internet video site will give iNEXTV unprecedented access to the 100 million German-speaking people of Europe. We continue to pursue additional opportunities to expand the iNEXTV network in Europe and internationally." iNEXTV will begin construction of its previously announced European Internet video facility in Berlin, Germany, in the new year. The new facility will be shared with TV1 and will be available to iNEXTV affiliates. iNEXTV Corporation, www.inextv.com, headquartered in New York City, is the premier developer and netcaster of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex:AXC). iNEXTV produces original Internet video programming in New York, Los Angeles, Reston, Virginia, Washington, D.C. and Munich, Germany. The iNEXTV network of affiliates includes: TV onthe WEB, www.tvontheweb.com, Reston, Virginia, a leading Internet video provider; Alternative Entertainment Network, www.aentv.com, Los Angeles, California, one of the largest on-demand streaming video sites and creator and netcaster of original online video programming; and TV1 Internet Television, www.tv1.de, Munich, Germany, one of Europe's top webcasters. Launching this fall, the Company is developing Executive Branch TV, www.exbtv.com, Washington, D.C., which will create and netcast original programming coverage of executive agency activities and the White House over the Internet; and iSTYLETV, www.istyletv.com, which will create and netcast original Internet programming for upscale and affluent lifestyles. iNEXTV is working with its parent company, digital video pioneer Ampex Corporation, on the development of enhanced video technology to be used by iNEXTV and its affiliates. TV1 Internet Television, www.tv1.de, based in Munich, Germany, creates Internet video programming for a wide range of corporations, trade associations and organizations and produces live webcasts of events throughout Europe. TV1 Internet Television recently teamed with Audi to produce a live webcast of the 24-hours at Le Mans, a unique pro-motion of the car company's first participation in the prestigious auto race. Its clients include Daimler Chrysler Aerospace, Deutsche Messe Hanover, Intel, Lotus, and Motorola. CONTACT: iNEXTV Corporation Kelley Gannon, 703/264-7900 or The MWW Group Rich Tauberman or Matt Messinger, 201/507-9500 rtauberm@mww.com mmessing@mww.com

To: Ed Perry who wrote (11000)	9/14/1999 10:34:00 AM
From: df	Read Replies (1) \| Respond to of 17679

Thank you Ed. That was refreshing, true and very logical. One other point..... Message 11242267 If this PR is correct, then it points to the ineptness of the AMPEX PR dept. and maybe its CEO.... This should have COME FROM THE OFFICES OF AMPEX. It seems like they are making one PR blunder after another. And that is a major criteria in analyzing the 'Co.'

To: Ed Perry who wrote (11000)	9/14/1999 1:24:00 PM
From: Hal Campbell	Respond to of 17679

Thank you for all the excellent posts Ed. My cost basis is 2.25. By " worth holding all these years " I meant I would need a price of at least 25 in the next 9 months....and while my view is that if they hit the ground running with iNEXTV and turn a relatively revenue rich first quarter in 2000 that is not entirely impossible...it certainly is not likely. To be worthwhile holding from these levels? Very worthwhile. I think your targets are easily achievable. My sales of all or part within 9 or ten months will be forced by household cash flow( a position I swore I would never allow myself to get in to.)