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

To: Gus who wrote (1393)	12/8/1997 4:09:00 PM
From: Stephen W. Leahy	Read Replies (1) \| Respond to of 17679

Hey Gus, Tough sledding huh? (I'm with you.) Here's a liitle positive news for us AXC'ers: Form 4's filed by Bramson and 4 other top execs today. Bramson bought another 175,000 at 3 5/16 on 11/7/97 and the others had previously granted options restruck at 3 1/8 (down from various strikes above 5). Restruck options don't mean much, but Bramson buying another 175,000 in addition to 150,000 he bought on 10/29 (which was previously disclosed) is positive. The first 150,000 could have been seen as a token gesture of public support, but to buy another 175,000 a week later certainly demonstrates confidence on Ed's part. The filing does not indicate if the shares were purchased with a loan from AXC but I assume they were. The filing does says the purchase was approved by the Board as an exempt transaction so I assume a purchase of treasury stock from the company. Let's hope Ed knows something big, positive and....imminent. Steve