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

To: Sal Davis who wrote (3715)	10/31/1998 9:19:00 PM
From: hookjock	Respond to of 17679

And the good news just keeps on coming. This excerpt from the s-4a "In the third quarter of 1998, Ampex recognized a $5.2 million income tax benefit due to the liquidation of its Italian subsidiary. Ampex also expects to recognize a net restructuring credit of $0.3 million in the third quarter, which reflects a payment it received in connection with a lease renegotiation, offset by other restructuring charges incurred in connection with its previously announced plans to relocate a portion of its DCRsi manufacturing operations to Ampex's Colorado Springs, Colorado facility. In October 1998, the Company was notified of the assertion of a claim against MicroNet in the amount of approximately $595,000 on behalf of an insolvent former customer of MicroNet. The Company's counsel is currently assessing this claim."

To: Sal Davis who wrote (3715)	10/31/1998 9:28:00 PM
From: hookjock	Respond to of 17679

Another tidbit from the S-4A: "In connection with the Company's acquisition strategy, the Company may purchase in the open market securities issued by companies in which the Company is considering acquiring or in which the Company is considering making a larger investment. The Company may also engage in transactions in derivative securities to offset potential market risks associated with these investments. Investments in these securities could expose the Company to the risk of trading losses due to market fluctuations or other factors that are not within the Company's control." One things for sure it appears that they can do pretty much whatever they want with these borrowed funds.