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


To: LJD who wrote (1361)12/3/1997 9:05:00 PM
From: jas singh MD  Read Replies (2) | Respond to of 17679
 
Good evening Lisa,
Nice to see you back. I guess I feel somewhat more comfortable with this company than others do at this time. It's been very unfortunate for this stock to be so closely associated with KM. Don't get me wrong, I still think that if KM does get off the ground, it has terrific potential as far as increasing the revenues for the company. It's just my feeling that everyone has become so fixated(sp) on KM and we have forgotten about the other aspects of the company. Some have pointed out the fact that the company has decreasing revenues compared to 1996. However, that is not a fair comparison since the third quarter of last year was much better than normal. We have decreasing revenues from TV which is expected. However, the digital market is about to take off and I feel that we are in a very nice position. If one takes a look at our P/E ratio, we're trading at roughly 10. Obviously, if our potential revenue growth did not exist then some could argue that the company deserves such a P/E. However, I continue to believe that our time will come. Therefore, I'm still accumulating the stock. I never thought that I would own the amount of shares that I currently hold. Granted, I would own a lot more had I waited to purchase them in the low 2s instead of the high 2s and low 3s. Anyhow, its nice to see you back.

Sincerely,

Jas

PS. Are any of the long timers buying at these levels??