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

To: killybegs who wrote (1195)	11/7/1997 9:43:00 PM
From: jas singh MD	Read Replies (1) \| Respond to of 17679

Good evening everyone, Well folks, it was nice to see that we held our ground today in the face of the markets heading south. Normally, I would laugh but the thought of this company trading at a P/E ~12.5 is pathetic. (This does not even take into account the funds that Ampex is currently spending on R&D or legal costs) At least our CEO has put some of his additional funds on the table. However, I'm not sure if this is a telegraph to the rest of us that something is brewing vs him simply thinking that AXC represents a good value play. Anyhow, in the meantime, here is a url that talks about the shift to MR heads...something this thread has known for almost 6 months! biz.yahoo.com Sincerely, Jas