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

To: Hal Campbell who wrote (3318)	9/1/1998 6:46:00 PM
From: Hal Campbell	Respond to of 17679

A web host acquisition or start up would be exciting and synergistic ...but in the short run an acquisition along the lines of ATEC would hearten me more. A precis of their business <<Based in Hauppauge, ATEC Group Inc. is a leading system integrator and provider of a full line of information technology service products. As a one-stop solution provider for the computer needs of businesses, professionals, government agencies and educational institutions, ATEC enters the new millennium with a technological arsenal that includes Year 2000 remediation, multimedia products, video conferencing, system integration, networking, high speed data transmission, Internet and Intranet ready solutions. In addition, the company has positioned itself for growth in telecommunications, outsourcing of IT professionals, and offshore software development to provide its clients' technological needs in a cost effective manner. >> Revenues last 3 years ( fiscal 98 ended in June .....96 - 72 million 97 - 100 mil. 98 - 187 million Net Income 96- 15 cents per share 97- 28 cents per share 98 - 43 cents per share Market cap at today's close of under 35 million. A stock swap deal of 77 million with IAT recently terminated. So not alliance averse. Obviously interested. Now I know it would not be precisely synergistic ...but not too far afield. Services broadening the base. And if AXC could, for say 50 million and an additional 20% ( or less) dilution of shares triple revenues and net profits overnight , while injecting brisk growth and the cash flow helpful in developing their other projects? I for one would be one very happy shareholder, and I do not think the stock would hang around 1 for long.