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

To: killybegs who wrote (3163)	8/5/1998 4:39:00 PM
From: John Rowe	Read Replies (1) \| Respond to of 17679

Jubimer, Nice analysis. In a way, low stock price forces a certain discipline on Mr Bramson vis-a-vis acquisitions; any deal will HAVE to be mostly cash at this point. Nothing better to stem "irrational exuberance" for a deal! Should see a plan developing soon. John R.

To: killybegs who wrote (3163)	8/5/1998 7:36:00 PM
From: PaddyD	Read Replies (1) \| Respond to of 17679

Dear Jubimer; Thanks for the post. The odds of an earnings turn around sure seem favorable to me.

To: killybegs who wrote (3163)	8/6/1998 10:23:00 AM
From: Gus	Read Replies (4) \| Respond to of 17679

Time to pick Jubimer's brain... ...I bet the additional digitalcamcorder licenses are in hand because the debt financing and preferred exchange suggests a known of growing royalty income on the part of the buyers... A few months ago, you mentioned something about a step-up in the recurring royalty stream (currently in the $10-12 million/year range) as the royalty agreements expire and are replaced by new ones. Can you please go over it in some more detail? Also, a few years ago while doing my initial due diligience, I was struck by the fact that in the year (1991) before going public, AXC collected something like 50+ million in one-time royalty settlements. The typical royalty agreement is usually 5-7 years. Are we on the cusp of a wave of renewals? I'm also curious about what kind of leverage you can get nowadays out of a recurring royalty stream like the one AXC has -- just to get an idea of the size of financing available. Thanks, as always. Gus