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

To: Ted Michalek who wrote (5292)	2/5/1999 3:56:00 AM
From: B. A. Marlow	Read Replies (1) \| Respond to of 17679

ThAXC for the "rumor," Ted M. Good news: It's a fact! I'm reproducing StreetQ's AXC "rumor page" below. AXC actually announced in its TVontheWEB press release that it had secured options to purchase a majority of this firm. It really makes no difference how quickly the options are exercised. AXC already "controls" TVW. There is only one reason this board is a cut above. People participate and add value. TVW is about Community Broadcasting (Narrowcasting) on the Internet. See the resemblance? Come join us. BAM *** WebTV Ampex (AXC) is engaged in the design, development, production and distribution of high-performance mass data storage systems, instrumentation, recorders and professional video recording products. In the past two weeks, AXC has announced several deals which signal that it is highly interested in the web TV market. Ampex corp. ( AXC ) recently bought a 20% stake in TV ON THE WEB. The rumor is that it will own the majority of the new web site TV ON THE WEB by the end of April. Shares of Ampex have been climbing fast in anticipation of the launch of the site. Ampex gained 10% yesterday to close at $4 1/8. If you are interested, TV ON THE WEB can be found at tvontheweb.com