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

To: flickerful who wrote (6822)	4/7/1999 9:39:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 17679

Ampex Corporation Completes Transition to Holding Company Structure; Mass Data Storage Operations Transferred to Ampex Data Systems Corporation REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 7, 1999--Ampex Corporation (AMEX:AXC) today announced that it has transferred substantially all of its mass data storage operations to its wholly-owned subsidiary, Ampex Data Systems Corporation. With its primary operations in Colorado Springs, Colo. and Redwood City and offices in Europe and Japan, Ampex Data Systems will continue to design, manufacture and market the complete range of Ampex mass data storage products. These include the company's highly regarded DCRsi(TM), DIS(TM), and DST(R) products for the acquisition and archiving of electronic images and other large data sets. With this step, Ampex Corporation will operate primarily through subsidiaries and affiliates. In addition to Ampex Data Systems, the company owns all of the common stock of MicroNet Technology, Inc. (www.micronet.com), based in Irvine, Calif., which manufactures high performance disk arrays. Ampex Corporation also has strategic investments in web services and Internet video through Reiter Associates (www.reiterassoc.com), TV onthe WEB, Inc. (www.tvontheweb.com) and the Alternative Entertainment Network (www.aentv.com). "As Ampex's commitment to new markets expands, our business units increasingly have differing needs and strategies. This new organizational structure helps to focus the plans of each unit and to execute them faster. Our growth strategy for Internet video envisions additional internal projects, strategic investments and acquisitions, which makes a holding company increasingly appropriate," stated Edward Bramson, chairman of Ampex Corporation. Ampex Data Systems, which is headed by K. Michael Cooper, president, will continue to be headquartered in Redwood City. "This new structure affords Ampex Data Systems both access to resources and a marketing focus which permits us to continue to provide world-class storage solutions to our customers in the broadcast, government, pre-press and enterprise markets," Cooper said.

To: flickerful who wrote (6822)	4/7/1999 9:41:00 AM
From: Dave Heibeck	Read Replies (1) \| Respond to of 17679

When will we begin to participate? Keepered Media was never the story that AXC now has fertile and growing! COMPANY NEWS Globix Shares Rise On RealNetworks Online Video Pact Dow Jones Online News, Tuesday, April 06, 1999 at 14:16 NEW YORK -(Dow Jones)- Internet-services provider Globix Corp.'s shares climbed Tuesday after the company announced an arrangement that will make it one of the largest providers of RealNetworks Inc.'s online video and audio streaming technology on the East Coast. Globix's (GBIX) shares were up $13.375, or 38%, at $49.25 in afternoon trading on Nasdaq volume of 2.2 million shares. Average daily volume is 369,600 shares. The stock surpassed its 52-week high of $45.50 set on March 22. "Globix is a small Internet provider and striking a strategic relationship with RealNetworks speaks to the quality of Globix's network and product offerings," said Lehman Brothers Inc. analyst Geoffrey Stricker. Globix said it uses RealNetworks' (RNWK) streaming media offerings RealSystem G2 and Real-Time Streaming Protocol to provide real-time multimedia over the Internet. The company said the cross-platform client-server system is the first for streaming media on the Internet. Adding to gains in the New York-based company's shares is investor anticipation over three soon-to-be-opened Globix facilities that will offer on-demand bandwidth to Internet companies, Southeast Research Partners Inc. analyst Anthony Stoss said. The facilities, which will be based in London, San Francisco and New York, will boost the company's capacity thirtyfold when they open at the end of the second quarter, Lehman's Stricker said. Stricker noted that the company has been capacity constrained and the new facilities will help it to meet increased demand for collocation, Web hosting and Internet services. Both analysts said the company's shares are undervalued compared with industry peers. Stoss said Globix's stock, which trades at about 14 times 1999 earnings, is cheap compared with the levels at which competitors AboveNet Communications Inc.'s (ABOV) and Exodus Communications Inc.'s (EXDS) shares trade.