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

To: Sal Davis who wrote (1116)	10/31/1997 4:45:00 PM
From: paul lin	Read Replies (1) \| Respond to of 17679

in my point of view, the chairman should find a new CEO for the company. Looks like B. made several miscalculation about the industry. Now it is clear at least to me, PR is not the only problem, the company needs a strong CEO to lead the company out of the woods. best regards, PL

To: Sal Davis who wrote (1116)	10/31/1997 4:59:00 PM
From: Bruce Bacon	Read Replies (3) \| Respond to of 17679

I received an unexpected margin call yesterday. It was unexpected because my overall account equity was still 43%. In the past, it has gone as low as 31% without getting a margin call. I called Schwab and they explained to me it was because when AXC dropped below $3.50 a share they calculate the requirement differently. Even though AXC is only about 15% of my holdings, it affects the overall requirement so that even though I had 43% equity I was getting called. I know I am not explaining this well. That is because I didn't really bother to get the details, but the moral of the story is that with AXC under $3.50, the minimum account equity requirements go up. I know this has been discussed to some extent in the past, so forgive me if I am wasting server space... but be advised. By the way, as I was contemplating what to do about the call, sell, cover or what, it occured to me that in theory AXC might be a be a good company for IBM to consider buying at this point. With the wealth of patents, leading edge storage, KM, it would seem like a great fit. It's just a daydream on my part... but maybe Ed Bramson will read this and put a for sale sign up... Bruce