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

To: Sean who wrote (4462)	1/13/1999 12:27:00 PM
From: killybegs	Respond to of 17679

Sean, I'm certain Karen is not out of touch and is certainly up to speed on all publicly disclosed information. However, hypothetically, if there was acquisition negotiations going on at the top level on a confidential basis, that would be information legally separated from IR by a "chinese wall". She cannot communicate what has not been disclosed to her.

To: Sean who wrote (4462)	1/13/1999 12:35:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

Also, let me respond to the raising of money issue. Let me tell from years of experience. Nobody gets money from the high yield market without disclosing in substantial detail what they intend to do with it. Please examine who bought the notes...Prudential High Yield, Fidelity, Mass. Pension trust...etc etc. On a 144 placement as Ampex did, the buyers sign confidentiality agreements in return for receiving non-public information they need to make the investment decision. Examples of information would typically be : type of acquisition, possible targets, pro forma projections etc.

To: Sean who wrote (4462)	1/13/1999 1:04:00 PM
From: WAI	Read Replies (1) \| Respond to of 17679

Trying to keep an eye on the long term big picture for the company and on the short term money flow in the stock. I've checked quotes once or twice this morning and notice that the ask size at 2 1/4 is given as 999. I assume this means it's really greater than 100000 shares asking at that price. Can anyone see what the amount really is? Thanks, William

To: Sean who wrote (4462)	1/13/1999 2:02:00 PM
From: Alan Cassaro	Respond to of 17679

In my two conversations with Karen from Investor Relations, I counted 3 occasions where she mentioned that they are very pleased with Michael Cooper, who is in charge of the daily operations at both Micronet and Ampex. I had asked her myself the first time how he was doing. She said the original intention was to let him take charge in January, but that he was doing so well that they gave him the reins back in October. Could someone here post his background and track record again? I didn't pay enough attention the first time, if it was posted. Cooper is going to be a big factor. She said that he's been responsible for two turnarounds at other companies. He may hold the key to our future -boom or bust .Al

To: Sean who wrote (4462)	1/13/1999 6:54:00 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

<<Raising 70 Million without a damn good idea of just what you're going to do with it bothers me. >> Sean, just guessing here - what else can anyone do - but I would suppose that one of his initial targets was indeed a web hosting company.The enormous and rapid appreciation in probable asking price + AXC's fall in sales + the precipitous fall in AXC share value ( part of any purchase) probably all combined to thwart his immediate plans. He finally pulled the trigger to at least purchase an option to buy a majority interest in one. Now they could start their own and perhaps even sell the option ( the appreciation has continued since it was announced) or finally exercise it. This is certainly not a prediction, but AXC seems to be trading somewhat now like it did in its last year on the pinks.If I recall ( blessedly only looked at it once a month then)went from low 1s to about 2.75.....fell back below 2...based around there........moved to over 5 briefly i think...then settled in a little below 4. Listed on AMEX at 4 ....fell a bit..then spring rally to teens.