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

To: Jay Sullivan who wrote (1122)	11/1/1997 3:28:00 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

As a value player ....or one who attempts to be a value player....I consider AXC a strong BUY at 2.75 or below ie at those levels, present realities outstrip the various uncertainties and a good to great return is very likely over time. Gus ,as usual,makes a nice point about their soon to 35 mil or so cash balance. Their survival is likely and their valuation attractive as they continue to swing for the fences in the hard drive market ( KM ) and the TV market ( litigation ). Even modest success in those arenas will bring a higher price. Perhaps much higher. Any fall below 2.5 would be an egregious market excess, and I wouldn't just buy more - I will back the truck up. Just my opnion.Good luck to all.