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

To: W. Thompson who wrote (3106)	7/30/1998 8:04:00 PM
From: CompJock	Read Replies (1) \| Respond to of 17679

AXC was at 2 only 15 days ago. If we continue at this rate, we should be at 0 in 45 days. Of course being an innovative company, maybe we will be the first to have a negative stock price. (we will have to pay people to take our shares). (This would be funny if this didn't represent ALOT of my hard earned money.)

To: W. Thompson who wrote (3106)	8/6/1998 5:13:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

W. Thompson... Re Bramson CV Here are some cut and paste from news articles... 4/7/87 SF Chronical.... Ampex, the Redwood City-based company that invented video recording, will keep its current management and structure, Lanesborough said. Ampex said the new arrangement offers a degree of independence the company has not known since it was first sold in 1981. "We will basically be an independent, stand-alone company," said Charles Steinberg, Ampex's president. "I think that's very exciting." The deal, a form of leveraged buyout, will be financed by a combination of Lanesborough's own money and an offering of debt or equity securities, Lanesborough said. In the interim, the firm said it had arranged for a bank credit line of up to $475 million. Lanesborough's other main holding is Buffalo Color Corp., the dominant supplier of blue dye for the blue jean industry. The firm's chief executive is 35-year-old Edward Bramson . 9/8/92 SF Chronical Though Ampex missed the VCR boom, it grew gradually through the 1970s. But business slowed after the company's 1981 purchase by Signal Companies, which later became part of Allied-Signal. When debt problems put Ampex on the block again, Bramson's NH Holding (formerly called Lanesborough Corp.) was the highest bidder. FINANCIAL WHIZ An economist by training, Bramson's grasp of accounting issues is suggested by a complex reorganization that made Ampex a holding company with tape and recording system units. "He's the finest financial mind I've ever encountered," said John Trewin, a former Ampex chief financial officer. After working in finance and accounting jobs in London, Bramson moved to New York in 1975 and bought his first company two years later. He wound up completing five takeovers. His main holding company, Sherborne Group, controls Ampex parent NH Holdings, dyemaker Buffalo Color Corp. and other investments. The 1990s have irrevocably changed the takeover game, Bramson noted. It was once possible to buy a company, put little additional money into it and simply collect dividends. Ampex -- which conducts basic research on everything from magnetic oxides to electric motors -- was a different kind of investment. "The thing I liked about Ampex is that they have the ability to really change what they do," Bramson said. "I saw a long-term future." 9/2/85 Business First Buffalo ...The decisions aren't made at Buffalo Color, however, but in the offices of Hillside Capital Corp., a privately held, multifaceted investment firm that is the owner of Hillside Industries Inc. of New York City, Buffalo Color's parent company. Canavan said Hillside acquires companies it believes will respond to a capital infusion and then employs a turnaround strategy. That was the case with Buffalo Color -- actually, its Allied forerunner -- which began to slip in the 1970s. 4/87 ....Bramson and another Lanesborough principal, John Irwin III, are also directors and officers of Hillside Capital, a privately held investment firm whose controlling stockholders are Irwin and his family members. ...