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

To: flickerful who wrote (7338)	4/16/1999 3:23:00 AM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

<<the "content" nut will be the one to crack for longevity:>> That would sure be a rich nut to crack, Randy.Would go a long way to insuring longevity. Agreed. Just some mid night opinions. Why I am still feeling bullish about any very long position.( though unfortunately about one more year is my limit). Who among us isn't dreaming an internet skyrocket dream now and then? And who among us doesn't think AXC had better hurry in this new brave leap or there won't be much left to land on? - our initial impression perhaps being that AXC's short to midterm stock prospects exceed their long term business prospects.That opinion may well be bolstered by some poor earnings soon, but we're probably wrong in that natural reflex of a mindset. Internet Mania? Crazy valuations? Tulip bulbs? Yeah..undeniably to some degree ... by any standard measure....but the web is a huge part of the future in many ways - and the public's insatiable demand for related shares makes wonderful sense ......the public well ahead of number crunchers in that regard. In this first wave, the swarm of locusts AXC may be racing to a tulip field aren't headed there to devour...they are planting more tulips. Rapidly. The demand side won't slide ....the supply side will explode.That's the price risk of many of the present high flyers, of course. But the enormous real business potential remains. And personally I am just crazy about the way Ampex is structuring its approach to these business opportunities. All fronts covered. Storage, delivery, production and content. They are making moves that should establish them as serious contenders in each of those arenas. All will be needed. All high margin. And establishing a presence in the early stages of what will be a rapid media evolution and revolution ( CMON BANDWIDTH!). Mainly its the flexibility that appeals to me. The old TV philosophy of rapidly moving in to what's hot...out of what's not.....while constantly staying in the main game. In a few years AXC, in my opinion, has a much better than 50-50 chance to be making quite a bit of money. With a much higher stock price than today's - fully justified by any valuation standard. Months ago, I thought Ed Perry ( as he often does) nailed an essential point. During a grueling multiyear decline such as AXC's, expectations come to nothing ..." sell any surge" becomes the primary wisdom .... analysts abandon coverage....the stock gets a canine stereotype - leaves most all radar screens .....fears multiply ...hopes dwindle.... ( friends laugh...lol) On any long march upward that follows the slow process reverses. Really that is just beginning here .... just barely beginning. Still holding here. Think north of 10 is likely ( and Ed is probably right there too ...may trade down sharply as many old longs exit at that point) ...my tendency would be to hold if I can then too and await the next surge ...because it that surge ever clears 16 or so.....look out! Some of our dreams then might well come true - have seen it before...sure ain't impossible)