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

To: charles moore who wrote (1353)	12/3/1997 10:32:00 AM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

Charles, as one shareholder, I agree that you are likely to make some money from these levels eventually. Normally with this kind of extreme price decline I would worry that the market is anticipating something we haven't figured out at all yet - a losing quarter for instance. AXC said itself in the last 10Q ( another cheery document. Clive Barker could take lessons) that it may have to take an inventory write off on DST 810s and 812s - but Bramson's purchase allays my fears in that regard somewhat. If you'll look at the price volume figures for this stock the last couple of years, you will understand that MANY shareholder have a very high cost average in this issue - and those of us who don't have weathered an enormous reduction in the value of our shares ( as Bramson has). Thus all the pain hereabouts. The almost spooky part of what another poster accurately described as a " slow death march" is that we all hung on because something always seemed right around the corner here - either litigation success or KM deals or DST growth - and so we ignored the multiple warning signs. Don't know if there will be growth in the next year, but there certainly should be a valuation pop at some point - if the next quarter is decent at all.