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

To: D.J.Toal who wrote (5178)	2/2/1999 11:26:00 PM
From: David Wise	Respond to of 17679

OT - GEND will be a stock to watch tomorrow. Acquisition is possible subject of announced internet conference call tomorrow at 11:00 EST. While the call will be to announce earnings, the last earnings report said they were in talks with some suitors. They are at about $9 today and have a recent high of $15 and 52 week high of $17. A purchaser would most likely be in that neighborhood. Covered by 3 analysts at "Strong Buy", market cap somewhere around $300 million. Drop in price is related to basketball strike. They sell sports merchandise via catalog and internet, recently signing with Excite and Yahoo. Price seems to already reflect any loss of revenue due to basketball, so downside could be limited. Last report had something like 68% revenue growth, and Christmas season sales should be new record sales level with profit, per analysts. Acquisition news is my play with this company. 3 analysts at "Strong Buy" doesn't hurt! David