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

To: Michael Olds who wrote (6546)	3/26/1999 11:01:00 AM
From: killybegs	Read Replies (1) \| Respond to of 17679

10K is out... Here's an excerpt(Ampex products coming, Hal!) In order to facilitate its plans to participate in world wide web related markets, Ampex recently acquired ownership positions in three companies providing electronic commerce support, production and distribution of video over the Internet using streaming technology. See "Recent Developments" below. Ampex's objective is to acquire or build Internet video production and distribution capabilities in several major U.S. and foreign cities and to distribute their content over the Internet. The Company's plan for its Internet businesses to become profitable will require them to sell video advertising and eventually to sell products electronically to customers who are viewing the content. Ampex believes that its experience in digital video can be an asset in expanding into this new business area, but any such new venture carries a substantial risk of loss, and can be expected to be unprofitable for a substantial period of time. See "Risk Factors - Risks of Internet Video Strategy."