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

To: Swamp Fox who wrote (3004)	7/15/1998 9:47:00 AM
From: Paul Lee	Respond to of 17679

they are accruing interest!

To: Swamp Fox who wrote (3004)	7/15/1998 1:34:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

This is the completion of the exchange offer filed in May. Essentially private placement 12% 144a notes were exchanged for notes that will be freely tradeable. no change of terms etc.

To: Swamp Fox who wrote (3004)	7/15/1998 1:39:00 PM
From: Hal Campbell	Respond to of 17679

<<, ANYBODY KNOW WHAT IS HAPPENING with 12% notes??>> I sure don't. Weirdest bit of Bloomberg news I have ever seen. Could easily be simply an error. If true, no reason for them to renegotiate so quickly unless they latched on to some more favorable terms ( due to the acquisition of MicroNet revenue ). The blurb doesn't suggest that they repaid the notes ( which of course suggests further acquisitions fell through for now ). But I guess that is possible too. Anybody want to call Karen? And second quarter earnings coming soon. Bracing myself. I expect them to be the poorest we have seen...and hope the next two mark the bottom.