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

To: Jay Sullivan who wrote (1108)	10/31/1997 5:45:00 AM
From: Gus	Respond to of 17679

Re: Ampex Inside. Maybe down the road. Right now, the sale AXC has to close involves persuading the businessmen and engineers at the disk drive companies to integrate KM technology into future generations of disk drives. Until KM starts generating cash flow, maybe it's best that they conserve their cash. By the way, Ampex is scheduled to receive the final payment on the land sale ($8.5 million) this quarter and the December quarter is usually good for cash royalties so assuming that the core biz doesn't burn cash this quarter, AXC should sport at least $35 million, or at least $0.75/share, in cash at the end of the year.