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

To: Milt Best who wrote (6772)	4/5/1999 2:31:00 PM
From: killybegs	Read Replies (3) \| Respond to of 17679

Finally read the whole 10k...think we all missed this part...this is one hell of a bargain especially in light of BCST and ITVU... Note 23 - Subsequent Events (Unaudited) Subsequent to year end, Ampex announced its intention to acquire a majority interest in Reiter, increasing its holding from 19.9% held at December 31, 1998. In January 1999, the Company announced it had purchased approximately 20% of the capital stock of TV on the WEB, Inc., a provider of services and content for delivery of compressed video over the world wide web, for $4.0 million. In February 1999, the Company announced it had purchased approximately 20% of the capital stock of AENTV, a producer and aggregator of compressed, streaming video content for delivery over the world wide web, for $1.0 million. The Company has an option to acquire a majority interest in both TV on the WEB, Inc. and AENTV.