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


To: scrooge who wrote (6877)4/8/1999 7:11:00 AM
From: DennyKrane  Respond to of 17679
 
Someone should tell DJ newswires.

Dow Jones Newswires

Ampex Corp. Completes Transition To Holding Company

Dow Jones Newswires

REDWOOD CITY, Calif. -- Ampex Corp. (AXC) completed its transformation into a holding
company by transferring its mass data storage operations to its Ampex Data Systems Corp. unit.

Nasdaq-listed shares of Ampex closed Wednesday at 3 15/16, up 3/4 or 23.5%, on a composite
volume of 1.3 million shares. Average daily volume is 502,329 shares.

Ampex makes and markets devices for magnetic recording, image processing and
high-performance digital storage.