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

To: John M who wrote (6516)	3/25/1999 1:53:00 AM
From: Hal Campbell	Respond to of 17679

<< Seatbelts unbuckled.>> Hey I don't know Man. For my part, John, I truly don't. There's value here. Don't know when it will out. Just personally cannot wait too long - cash flow considerations. Have to decide fairly soon to hang on for a year ( max) or bail at a modest profit and chalk it up to hard lessons learned. For those that can, I believe they should. Sure doubt this is anything close to AXC's future high.

To: John M who wrote (6516)	3/25/1999 2:12:00 AM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

From my earlier post from last Winter From the NY Times Dec 20, 1998 Business Section p8 "Investing With Tweedy Brown & Co." By Carole Gould: "The crux of the firm's investing style comes down to buying a stock for less than its so-called intrinsic value - just plain "value" to these veterans - a relatively simple concept introduced by Mr. Graham. As John D. Spears, 50, a third managing partner, described it, "Value is what a business, its assets or its earning power would be worth if you or I own it and we were to sell it to a competitor down the street." Simple. But if figuring value is easy, why do so many value investors fall flat? "To buy deep value takes a lot of courage, because it looks really ugly," Christopher Brown said "The companies are cheap because there are a lot of bad stories out there." William Brown added, "It's like looking for the ugliest spouse because she will love you the most." ...................................................................... Tweedy Brown was formed by some of the original student group from the investment courses which Ben Graham taught at Columbia U. ********************************************************************** When Ampex hit 0.69 last October, that was really ugly. Now Ampex looks just plain bad. As far as those MBA investment managers are concerned, they have to invest in BCST and AOL. Otherwise they would lose their jobs.Here, if these tickers go up some, they are on a par with their peers. If they crash, well, everyone of importance is similarly suffering. Win-win? By now, most here would know what I am about to say. Only if it looks, "looks", l.o.o.k.s bad can it have any possible value to you. If it looked good, most of the move would be over, and you should be seriously thinking of where to exit. For now, the trend just turned positive last Dec 11, 1998 (after a 2 ½ year decline). That's only 3 months plus a bit. Much more time needed but maybe not that much. After all, AXC is becoming a Net stock and can participate in some lively action. Ed Perry