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

To: killybegs who wrote (3197)	8/6/1998 11:01:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

The only thing that makes sense to me is that the 198K+ block yesterday induced still more waves of selling for whatever reasons.It kind of fed on itself, so to speak. It sure is a confidence shaker? Right? Well, within 7 trading days the issue will be resolved when the quarterly results are announced. Meanwhile, it gives you an uneasy feeling and suddenly a questioning state of mind - makes one less boyant about a turnaround doesn't it? Between now and that event, if there is a return to drift on diminishing volume then I would conclude that this down thrust initiated by the index fund selling was an aberration. Since it's been talked about in a round about way, here is the "current" table of major shareholders: (Credits homages and gratitude to Thompson Financial Services) Report as of Jul 16 98 Top Institutions Chg shrs Shrs Held Date Rept %held EAGLE ASSET MGMT INC -24 1,373,635 03/31/98 3.00 LORD ABBETT & COMPANY 30 900,000 03/31/98 2.00 PAINEWEBBER GROUP INC 0 723,104 03/31/98 1.60 DIMENSIONAL FUND ADVS. 46 491,700 03/31/98 1.10 VANGUARD GROUP INC 8 394,700 03/31/98 0.90 Top Funds LORD ABBETT DEV GROWTH 0 870,000 02/28/98 1.90 VANGUARD INDEX-SM CAP ST 8 225,400 03/31/98 0.50 VANGUARD TOTAL STK MKT 0 164,000 03/31/98 0.40 PW MANAGED HIGH YIELD 0 122,676 12/31/97 0.30 PENFIELD PARTNERS LP 105 105,000 12/31/97 0.20 Top Insiders BRAMSON EDWARD J 2,359,910 05/20/97 5.10 SHERBORNE & CO INC 491,979 03/29/96 1.10 MCKIBBEN CRAIG L 219,656 05/08/96 0.50 MCCLURE DOUGLAS T 7,500 11/20/95 0.00 Out of curiosity, does Ampex have any poison pill arrangements making this company hard to digest? Ed Perry