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

To: flickerful who wrote (3813)	11/13/1998 3:10:00 PM
From: Stephen W. Leahy	Read Replies (4) \| Respond to of 17679

10Q is out. It actually has some positive info. This might be enough to finally tun the stock. A coupla quotes lifted here: (please read the entire 10Q for disclaimers) "The Company has recently made material sales of DST mass data storage products to the broadcast and cable markets and has issued proposals to several additional customers. In addition to its direct sales programs, the Company is discussing strategic marketing relationships with certain manufacturers of broadcast servers. Management believes its DST mass data storage products will in future periods comprise the majority of its sales in the broadcast and cable markets." "In October 1998, the Company received a memorandum of understanding for the purchase, subject to the exercise of certain customer options, of up to an estimated $18.4 million of DST double density and quadruple density storage systems for a government program on which the Company had previously submitted proposals. Separately, also in October 1998, the Company received a letter of intent relating primarily to the purchase of several of the Companys recently introduced DST 712 automated tape libraries for approximately $7.2 million for another government program. In both cases, deliveries would occur during the period 1999-2001. Sales of the above products are subject to the negotiation of definitive agreements and terms and conditions with the respective customers, and there can be no assurance that satisfactory contracts will be completed or that any firm orders will result." ". The Company continues to propose on additional domestic and foreign government programs. Additionally, the Company is experiencing an increase in proposal activity to customers in the broadcast and cable markets. Typically such proposals are part of larger capital projects, which involve risks or delays beyond the Companys control. Since such orders often are relatively large, the receipt or loss of a significant order can materially affect quarterly sales and results of operations. Additionally, larger 13777938.1 programs frequently schedule deliveries of the Companys products over an extended period. The Company does not currently anticipate that such new large programs will generate material revenue in the fourth quarter of 1998."