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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing! -- Ignore unavailable to you. Want to Upgrade?

To: Ed Perry who wrote (3539)	4/27/2001 8:31:42 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 4169

Interesting, Ed.If market conditions change drastically and iNEXTV starts growing briskly, I think AXC could also make a strong case for a tax free spinoff of iNEXTV to shareholders ( as you know the method that most benefits the mothership) - the argument being that while they had not been in video content creation for 5 years, they certainly have been in digital manipulation of video signals for much much longer than that(thus arguably satisfying the 5 year rule).

To: Ed Perry who wrote (3539)	4/28/2001 1:06:13 AM
From: bootsup1	Respond to of 4169

<<Existing Ampex common shareholders would be given insider IPO prices to invest in iNEXTV and perhaps TV1. Eventually Ampex would be liquidated and proceeds from the sale of Ampex balance sheet holdings would be distributed to Ampex shareholders.>> Ed, would such a scenario as above allow conversion of AXC class A common into iNextv/TV1de? Perhaps I dont understand the play by play hypothetical here...but it reads to me as if the Class A shareholders could be left w/slim pickings w/o a convertability. Considering the large amount of shares that EB holds, I'd think that whatever is structured would be of benefit to us shareholders.