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

To: Glenn Perry who wrote (3928)	12/2/1998 10:14:00 AM
From: harry goldenberg	Read Replies (1) \| Respond to of 17679

Some of the messages are making this thread sound like a support group ie AA for Ampex Annonymous. I had 30,000 shares at 3.20 and continued buying up to 9 and .......... In any event a friend who has a large position and who I believed was a terrific financial analyst (he continues to be bullish with ampex) sent me an e-mail; "There were comments on the board last month that AXC was losing money on an operating basis. It appears that way from the financial statements, but I believe that Ampex does not include its royalty stream(whcih is hardly an extraordinary item) in its operating earnings. At the same time, it does expense its R&D which certainly contributes to the royalty stream. I am sure what is done is consistent with GAAP; however, when analyzing the company's financial health, it would seem that royalty revenue (which is certainly recurring in Ampex's case) should be considered in the same category as the R&D which is the prime contributing factor in generating such revenue. If Ampex does end up with a substantial participation in digital tv, a great portion of its revenues may come from royalties on items which it has patented but ends up licensing and not manufacturing.

To: Glenn Perry who wrote (3928)	12/2/1998 10:32:00 AM
From: Sean	Respond to of 17679

Glen, I'll take a shot at answering your question about the signal-to-noise ratio. As I understand it, Keepering would not directly relate to signal to noise ratios as they are used in discussion of audio content. The signal and noise that Keepering addresses center around the actual recorded bits, 1's and 0's of digitally recorded information. For example, picture in your mind a line of text in Braille. The keepering effect makes the "dots" more pronounced and distinct for the finger (read head) to read but this has no relation to the meaning (sound) of the message. Whether the information being recorded is audio, video or whatever, the keeper effect allows more bits (Braille dots) to be fit into a smaller space while allowing for the same or better "readability". The content of the message remains exactly the same. Hope that helps. I'm no expert though...not even in an allied field. Just an AXC junkie. Going down with the ship, Sean.