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

To: Michael Olds who wrote (11134)	9/18/1999 5:09:00 PM
From: Hal Campbell	Respond to of 17679

Was looking at various charts of ITVU versus their revenues. Though parallels are never assured and there are marked differences between both the companies and stocks (If Ampex just had more money I would MUCH prefer iNEXTV's long term chances), I was curious for any hint about what a successful iNEXTV foothold might conceivably bring. From the second quarter of last year through the second quarter this year ITVU's revenues have been( in millions) .3 - .5 - .9 - 1.2 - 1.7. After the original IPO in 97 they surged to 16+( on incredibly tiny revenues).....fell back to 5 which is where they were last fall. Jumped to 82 last April ......market cap over a billion for a short while - did not stay there long - now around 29. Price to trailing sales is still about 90 or so. This company is cash rich but bleeding money. Their tech claims to reduce buffering, but I watched a couple of their hotel travelogues yesterday and there was plenty of buffering - though none once the short program started. Show was mostly stills with some camera panning and zooming for movement. Clarity was poor even by web standards. I haven't a sure clue where AXC will go, but if iNEXTV gets a tangible foothold - certainly up from here. In fact , even as one betting on it who is hyper aware of the risks, I can honestly say I wouldn't want to bet against it.

To: Michael Olds who wrote (11134)	9/18/1999 7:43:00 PM
From: Alan Cassaro	Read Replies (1) \| Respond to of 17679

>>>>> If this is the start of a new run-up.....<<<< Why, pray tell, would it be? 3 is still low, as compared to a nice comfortable "4". 3 still looks depressed to me. So what, we have one day that isn't COMPLETELY HORRIBLE, and you suggest that this might be a new run up? Does you TA indicate that one is due? al

To: Michael Olds who wrote (11134)	9/18/1999 11:44:00 PM
From: Carl R.	Respond to of 17679

Mike, I don't think this is a rally at all. I think this is just a case where the downtrend continued further than it should have for a variety of reasons, and the stock is simply correcting from an oversold condition, and trying to find an equilibrium. Factors which contributed to the decline include: 1. The fact that there is not much visible going on until the channels officially launch. 2. The Dave Gardy termination 3. The other shakeups at TV on the Web, including slower channel growth. 4. The manic-depressive nature of Ampex stockholders 5. Squelching of rallies by the redeemable holders Basically the stock built some downward momentum, and the stock proceeded downwards until it bumped into the redeemable floor, and then it corrected to a more reasonable level. The fall was on low volume, and the recovery on low volume as well. This is identical to the behavior of ZIGO several months ago. Next the stock should peak, and try to re-test the low. I see the stock peaking in the 3 1/4 range, or so, and then re-testing, but holding in the 2 15/16 to 3 range. Once it passes that test, it will build a base for the rally which will come when the channels start launching, a rally that should take us back into the 4-4.5 range, perhaps higher. Along in there somewhere AXC will report earnings, or actually losses. I believe they will lose about 6-7 cents this quarter. Anything better would be very positive. This should be the bottom for earnings, and we should see increases after this quarter in the bottom line as well as the top. Carl