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

To: Jeff Lawlor who wrote (6841)	4/7/1999 3:36:00 PM
From: Brian D. Potts	Read Replies (1) \| Respond to of 17679

I'm not expert on IPO's myself, but I own intimate brands (IBI) and when the Limited (LTD) spun off Intimate brands the IPO was for about 20% of the company. The limited kept 80% of the stock (technical note that can be skipped: the limited actually owns a different class of stock, class B, that has 3 votes for every share. Whereas the publicly traded class A stock has 1 vote per share) The benefit for the limited (and ampex) would be the value of holding the majority of the shares of the new IPO. In this manner the stock market could "play" the entire holding company (in this case AXC) or each individual division (TVW or AENTV, etc) I don't think existing shareholders would be offered a "piece" of the IPO, but the value gained from holding AXC would be very beneficial, I believe. bdpotts