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

To: killybegs who wrote (5985)	3/3/1999 7:47:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

I was just fooling around with some numbers that I thought might interest some. I do not claim professional status here, my interpretation can be wrong. Since November 2, 1998 a total of 359,212,000 shares of AXC have changed hands. Of that, 207,165,000 (57.67%) changed hands on days when the stock was higher than the previous day, and 117,057,000 (32.59%) changed hands on days when the stock was lower than the previous day. Ratio of: 1.77 : 1 From November 2, 1998 (when the stock price was 1) to January 28 (when the stock price was 5) 215,487,000 shares changed hands (60% of the total volume for the period between November 2, 1998 and March 2, 1999). Of that 133,331,000 (61.87%) changed hands on days when the stock was higher than the previous day, and 49,478,000 (22.96%) changed hands on days when the stock was lower than the previous day. Ratio of: 2.70 : 1 From January 28, 1999 (when the stock price was 5) to March 2, 1999 (when the stock price was 3) 143,725,000 shares changed hands (you guessed it, 40% of the total volume for the period between November 2, 1998 and March 2, 1999). Of that 73,834,000 (51.37%) changed hands on days when the stock was higher than the previous day, and 67,579,000 (47.02%) changed hands on days when the stock was lower than the previous day. Ratio of: 1.09 : 1 The way I see it, this means that as a consequence of the owners of 19% (47.02% of 40%) of the shares that have changed hands since 11/2/98 selling their shares into the descending market between January 28 and March 3, the stock price for the owners of 58% of the shares that have changed hands since 11/2/98 (those who bought in a rising market) was reduced from 5 to 3 or 40%. That the owners of 20% of the shares that have changed hands since 11/2/98 have sold their shares into a descending market does not seem unreasonable to me. It seems unreasonable to me that the effect of this could have caused such a deterioration in the stock price in a market that was otherwise stable or heading up: in other words, the degree of damage has been exaggerated as a consequence of the greater market. The attention of the bulls should be on the fact that the owners of 60% of the shares that have changed hands during this period have held on to their shares. A fair vote of confidence. Since the word out there seems to be that Friday's unemployment figures are the thing that is causing concern to the market, it seems likely that there will be no great general improvement in AXC until after those figures are released. (Although, as of the close, there was a certain amount of upward movement in the Tech sector which could mean an up move in the morning). Since it is also likely that the unemployment figures will be strong, and since a strong unemployment figure will be taken negatively by the market, even to the degree that some are predicting a very bad reaction, it seems possible that this “water torture” will continue on into next week. When the market does turn up, however, it seems reasonable to think that the up move will be more or less explosive in that the balance of power will switch disproportionately to the bulls: 4:1.

To: killybegs who wrote (5985)	3/4/1999 11:52:00 AM
From: flickerful	Respond to of 17679

CREATIVE TO EXTEND ITS AUDIO, MUSIC AND INTERNET EXPERTISE TO THE Digital Audio World MILPITAS, Calif., March 4 /PRNewswire/ -- Applying its widely recognized expertise in audio, music and the Internet, Creative Technology Ltd. (Nasdaq: CREAF), the renowned innovator of market-leading multimedia solutions for personal entertainment, today formally announced its highly-anticipated foray into the portable digital audio market. Backed by strong industry support and more than 10 years of PC audio experience, Creative intends on driving the technology, direction and strategy associated with the creation, playback and distribution of digital audio content via the Internet. Creative will discuss and demonstrate this at the New York Music & Internet Expo being held this weekend, March 6-7 at the New Yorker Hotel in New York. "The market has been waiting for Creative to 'enter' the portable digital audio category based on its award-winning digital audio solutions," said Sim Wong Hoo, chairman and chief executive officer of Creative. "Taking these solutions beyond the desktop is a natural extension of our Personal Digital Entertainment strategy. We are leveraging our core competence in digital audio from semiconductors, to hardware design, algorithm design, software development and content distribution over the Internet to bring compelling portable digital audio products to the market." Creative's ideal position to move digital audio into the mainstream is exemplified by its Sound Blaster(R) PC audio standard -- of which there are more than 75 million installed. At the New York Music & Internet Expo, Creative will demonstrate enhanced digital audio playback using technologies from its Sound Blaster Live! audio platform including its Environmental Audio(TM) technology. Creative's expertise in the music industry through its E-mu/Ensoniq subsidiaries will greatly facilitate digital audio content creation. Creative plans to leverage its highly successful Web site and its more than two years of experience with its Creative Inspire(TM) Internet-based digital entertainment platform to greatly broaden distribution of digital audio content. With this, Creative plans on offering hardware, software, content, customization and delivery capabilities as well as helping establish key standards for digital audio entertainment. Project NOMAD Creative today introduced its Project NOMAD line of portable digital audio players and supporting infrastructure. The Project NOMAD line will offer the latest in digital audio advancements as well as enhanced functionality enabled by Creative's proprietary technology. The Project NOMAD product line consists of next-generation, compact, affordable portable digital audio players that enable the user to download a variety of content from the Internet or to record from the user's existing CD collection. Experience and Expertise By combining its years of PC audio expertise -- and collaborative efforts with its subsidiaries E-mu Systems and Ensoniq, both music technology leaders highly respected by recording artists around the world -- Creative's ability to drive the portable digital audio market is unmatched in the computer hardware industry. Entering the digital audio market is a natural next step for Creative -- a company dedicated to on-going advancements in sound technology and Personal Digital Entertainment. Internet Inspiration With the emergence of the popular MP3 compression standard, self-publishing has become a reality for thousands of aspiring musicians and Creative plans to play a significant role in helping them achieve their goals. Distributing digital audio content via the Internet is not new for Creative. In fact, Creative has provided musicians with an online community, music resource and forum for digital music publication via the Creative Inspire Web site for years. Creative intends to take its online expertise, derived from its Inspire site -- which has more than 400,000 registered users -- and apply it to a new Web presence supporting a myriad of digital audio formats and content. This Web presence will include the involvement of a number of new strategic partners who will provide a variety of spoken word and digital music content. Some will provide licensed MP3 content and others will provide encoding and conversion technology. These partnerships will be announced at a special press conference scheduled to take place on Saturday, March 6 at 2:30 p.m. EST, at the New York M&I Expo. Personal Digital Entertainment Creative's Project NOMAD represents part of the company's newly announced Personal Digital Entertainment (PDE) strategy. With PDE, Creative is focused on leveraging the power of the PC to create audio and video entertainment appliances that can be used beyond the desktop. Creative sees the portable PDE category -- including the Project NOMAD line -- as an entirely new business opportunity that builds on its expertise as the dominant provider of leading-edge components of PC entertainment. Creative Technology Ltd. develops, manufactures and markets a wide array of advanced multimedia solutions for the PC, entertainment, education, music and productivity tools markets. Creative's products are marketed through the OEM, systems integrator and retail channels under a variety of trademarks, including the "Blaster" family name. With the new Sound Blaster PCI standard, Creative has produced a solution that utilizes a combination of hardware and software for near-perfect compatibility with existing DOS and Windows titles. Creative's corporate headquarters and primary manufacturing are based in Singapore, with sales, distribution and research and development being carried out through an extensive, global network of subsidiaries located in North America, Europe, Asia and Africa. Sound Blaster and Blaster are registered trademarks, and Environmental Audio and Creative Inspire are trademarks of Creative Technology Ltd. All other products mentioned herein are trademarks of their respective owners and are hereby recognized as such. SOURCE Creative Technology Ltd. 03/04/99 /CONTACT: Rick Myllenbeck of Creative, Labs, Inc., 408-546-6490, rickm@soundblaster.com, Gary Brotman of Golin/Harris International, 213-623-4200, gbrotman@golinharris.com/ /Web site: soundblaster.com (CREAF) CO: Creative Technology Ltd.; New York Music & Internet Expo; E-mu Systems,Inc., ENSONIQ Corporation ST: California, New York, Singapore IN: CPR MLM SU: PDT