Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Texas77 who wrote (4483)	1/14/1999 7:12:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

Some SWAGing around .................................... Came upon this in Individual Investor's daily" Stock Ideas Report" for Jan 14 1999: " But what if the markets drift yet lower over the weeks to come as the impact of the Brazilian currency devaluation takes hold. Will that portend the bursting of the internet bubble? " And: " If these stock stumble again, investors may want to look at hardware or Internet backbone companies. The internet's growth and integration into our life and business will not be stopped or put on hold for any reason short of nuclear annihilation. would present buying opportunities for those that were reluctant to chase these stocks at continuous new highs. Though Cisco (NASDAQ:CSCO) and Lucent (NYSE:LU) bounced back, they would be stocks to buy in the next sell-off. " It would be very difficult for most fund managers to commit positions to high flying Internet IPO's, either new or recently done. The valuations and the frenzy gone sour could result in the loss of their jobs. However, a fund manager could sensibly take positions in "Internet backbone companies." This may be how Ampex is now being seen. The linkage from the Internet => Video and Audio broadcast => high bandwidth requirements => storage and caching => Ampex and MicroNet's DST, DataDoc and Genesis and with digital video "know how" may be placing Ampex on the radar screen as a supplier of Internet hardware whose stock is currently available on the cheap. To boot, the same hardware also has applicability in the evolving and related computer data SAN market. Neither Ed Bramson nor anyone else could have forecast the exact timing of when the Internet excitement would catch the fancy of investors - whether the excess results in profitable ventures or not is another matter. Meanwhile, if you are merchandising stocks, either on the buy or the sell side, you must have a current and fashionable product line. Perhaps the combination of the January effect, new product announcements and the accelerator of the Internet may be providing serious sponsorship effects for current price movements. Ed Perry