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

To: Carl R. who wrote (6545)	3/26/1999 10:49:00 AM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

Keep in mind that the ownership of Ampex has changed completely since that time.

To: Carl R. who wrote (6545)	3/26/1999 11:05:00 AM
From: Stephen W. Leahy	Read Replies (2) \| Respond to of 17679

10-K filed. Very quick read....BORING.... Backlog at 12/31/98 down to 1.6 mil. Two tidbits of info: 1) regarding sales of DST to TV and cable: "The Company is actively pursuing strategic partnering arrangements with leading video server hardware and software companies in order to broaden its reach into this market beyond its in-house sales and marketing resources." 2) regarding the costs of AXC's internet investments: " Subsequent to year end, the Company announced that it had purchased minority investments in TV onthe WEB, Inc. ("TV on the WEB") and Alternative Entertainment Networks, Inc ("AENTV"). The Company has options to acquire a majority interest in each of these businesses that expire at various dates through 2001. If Ampex elected to exercise its option to acquire control of all of these Internet video businesses in 1999, together with its initial investments therein, it will have invested approximately $12.7 million." I did not see any new info regarding other internet related activities. Next event will be Ed's letter to shareholders. Should be out shortly.