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


To: Sal Davis who wrote (3432)9/18/1998 1:12:00 AM
From: Hal Campbell  Read Replies (1) | Respond to of 17679
 
While we are waiting for time to tell the tale ......... this sounds like Bramson like cost controls ......

A businessman walks into a bank in Boston and asks for the loan officer. He says he is going to Europe on business for two weeks and needs to borrow $5,000.

The bank officer says the bank will need some kind of security for such a loan. So the businessman hands over the keys to a Rolls Royce parked on the street in front of the bank. Everything checks out, and the bank agrees to accept the car as collateral for the loan. An employee drives the Rolls into the bank's underground garage and parks it there.

Two weeks later, the businessman returns, repays the $5,000 and the interest, which comes to $15.41.

The loan officer says, "We are very happy to have had your business, and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow $5,000?"

The businessman replied - "Where else in Boston can I park my car for two weeks for 15 bucks?"



To: Sal Davis who wrote (3432)9/21/1998 12:11:00 AM
From: David Wise  Respond to of 17679
 
Sal, I agree completely that Ampex is doing the right thing pursuing the lawsuit, and that if they win as they should, the ripple effect will be potentially even more profitable.