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

To: flickerful who wrote (4212)	12/30/1998 1:13:00 AM
From: Ed Perry	Respond to of 17679

<<< "This is an extremely significant moment for RCN, and for our current and future Internet customers, because it represents the integration of four successful and well-respected ISPs under a common RCN brand," >>> Gets more tantalizing as things evolve. Also noted the reference to "RCN's state-of-the-art fiber optic network". Bramson's ambition may be set on yet more lofty heights. He specifically cited "businesses in the digital image field ... [in terms of a] web hosting company ....... [to offer] good quality video on the Internet." Bramsons's gambit sounds like a swing for the long one. To me it means more planning and maneuvering to get the right players and partners lined up. Somewhat more of a wait, but it could be worth it. The alternative would be, on the grounds of say gaining the experience, to rush into another web host provider business. However, this could be at the cost of taking energy, funds, focus and attention away from the long range goal where the competitive advantages are much better for Ampex. I have also been thinking about Mike Cooper's role. While Cooper was originally said to be brought on to add depth to management, Cooper's background is in the consumer product field. Almost 8 months later, we find out through the job posting that Ampex's business is taking on more of a "consumer orientation." Meanwhile, we have heard almost nothing from Cooper himself. What's going on. We certainly are not being brought up to speed on these matters. Short of another letter to the shareholders we will have to wait to the mid February time frame for our next "update". I can think of a range of possibilities: 1) Little is happening in an organized sense and momentum and expenses are being wasted. The stock price would seem to reflect this. 2) There is progress toward the "long term goal" but it is taking longer than expected. 3) We are near to a blockbuster announcement and everyone, including the trained mouthpieces at Imagio, are effectively "sworn to secrecy" until the risk of insider info and lawsuits passes subsequent to the event of official announcements. Watch for unexplained real firming in prices to foretell this. I'm leaning to a combination of 2 and 3. We may not see the results of the maneuvering by February but I am guessing that in Internet time measures we should see it within six months. I must think more about other clues which were left about. Well, my turn is up. I'll think I'll pass the cup and dice to the next player <g>. Ed Perry