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

To: charles moore who wrote (1331)	12/1/1997 1:38:00 AM
From: Micheal Chia	Read Replies (1) \| Respond to of 17679

To all: Red Chip Review has just downgraded the stock from B to C. It is worried that the transition to GMR heads will be to quick for AXC to catch the MR boat (just like the inductive head boat). They are also concerned of Bramson's letter stating that the R & D for KM will be reduced if KM does not profit in the near future. As I questioned to you earlier Gus, do you think Ampex should concentrate its money on MR or GMR? Obviously they spent a lot of money already on MR, what can they do now?

To: charles moore who wrote (1331)	12/1/1997 9:15:00 PM
From: Thomas Kirwin	Read Replies (1) \| Respond to of 17679

Charles, Today AXC is sitting on my $2.25 target price at the bid. We should see further deterioration all during December. If AXC hits $1.875 I'll load up. Thanks for sharing your insight as to how low AXC will go during this continued tax loss selling. Regards, Tom

To: charles moore who wrote (1331)	12/2/1997 1:10:00 PM
From: Albert Youssef	Read Replies (2) \| Respond to of 17679

Charles, Gus, and others: Just wondering... why does anyone pick an arbitrary number like 1 7/8 for this stock and decide that this will be an "absolute low"? I recall hearing such promises at 4, 3, 2.5... Lest I get flamed for being short or trying to manipulate, let me say that I've been a shareholder since early '96. Unfortunately I added to my position in late '96; after receiving Bramson's letter, I sold all my AXC except for the original (early '96) holding, and I'm wondering why I'm even holding that. Which brings me to my point... Bramson's gloomy letter. Why would anyone buy Ampex now, or hold onto their current shares (other than the old "they're so low, they're not worth selling" reason)? Reading Bramson's letter I was struck by four things: 1. Declining revenues 2. Lower earnings 3. Continued dependence on lawsuits to generate cash 4. Very lukewarm statements about keepered media prospects "Lukewarm" is actually putting a bright face on the KM prospects, given industry trends and the fact that at this late stage, Bramson still can't make positive statements about his company's keepered MR progress. And let's face it: Ampex will probably survive without KM, but any hopes of it becoming a star were definitely pinned to KM. So I ask, why should one buy, or hold, Ampex shares at this time - and why should they remain propped up at any price point, especially with year-end tax loss selling? Please don't point to Bramson's personal investments as a reason to justify ours; he hasn't impressed me with his acumen in the past. I'm not attempting to be hostile; I'm just trying to guage what the company now has going for it. Gus and others, feel free to reply. Sincerely, Al Youssef