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

To: Chuck Smillie who wrote (2909)	7/1/1998 11:07:00 AM
From: Scott Pedigo	Read Replies (1) \| Respond to of 17679

I've seen info about the move in the financial statements, but to the best of my recollection, what was mentioned was moving the remainder of the manufacturing to Colorado, not the whole company. Also, I recall that Ampex sold the property where their office is located and then leased part of it back. I presume this was to get their hands on any equity they might have had in the property. They had too much space for the amount of manufacturing they are doing, and needed to rent out or get rid of the unused portion somehow to reduce the unnecessary overhead.