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

To: bchunter38 who wrote (5806)	2/24/1999 11:20:00 PM
From: DennyKrane	Read Replies (1) \| Respond to of 17679

Two mentions in the WSJ tonight. First time I've ever seen that! Dow Jones Newswires -- February 24, 1999 Dow Jones Newswires Ampex To Buy 20% Of Web Video Firm; Open Calif. Site Dow Jones Newswires REDWOOD CITY, Calif. -- Ampex Corp. (AXC) signed an agreement to acquire 20% of the capital stock of Alternative Entertainment Networks Inc., Beverly Hills, Calif., with the option to acquire a majority interest. Terms weren't disclosed. In a press release Wednesday, Ampex said it plans to open a video production facility in the Los Angeles area, to which Alternative Entertainment Networks plans to move its video production and Internet operations. Ampex said it plans to use the facility for new areas of content, to be developed internally or through acquisition. The facility would also be available to other companies in partnerships with Ampex. Ampex makes devices for magnetic recording, image processing and digital storage. Alternative Entertainment Networks produces and aggregates live streaming video content playable over the Internet. -------------------------------------------------------------------------- ---------------------------------------------- The Wall Street Journal Interactive Edition -- February 24, 1999 Tech Briefs Technology Briefs Ampex to Buy 20% of Alternative Entertainment Ampex Corp., Redwood City, Calif., signed an agreement to acquire 20% of the capital stock of Alternative Entertainment Networks Inc., Beverly Hills, Calif., with the option to acquire a majority interest. Terms weren't disclosed. Ampex said it plans to open a video production facility in the Los Angeles area, to which Alternative Entertainment plans to move its video production and Internet operations. Ampex said it plans to use the facility for new areas of content, to be developed internally or through acquisition. The facility would also be available to other companies in partnerships with Ampex. Ampex makes devices for magnetic recording, image processing and digital storage. Alternative Entertainment produces and aggregates live streaming video content playable over the Internet.