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

To: Michael Olds who wrote (7372)	4/16/1999 2:51:00 PM
From: stan s.	Read Replies (2) \| Respond to of 17679

Michael, I suspect what you said is true. I certainly agree with the first part. As to the second part, it would be imprudent for me to chime in, not having a fuller grasp of the story. I certainly hope it pans out and my suspicion is it will. I have every intention of continuing to play AXC according to TA. As an aside, it probably takes a little extra convincing with me. I was a participant on this board (actually the old ampex board) during the "keepering" days and I recall vividly the angst and euphoria that reigned here. People went nuts "loading up the truck", I suspect many went bankrupt. I still recall some of the names, haven't seen a trace of many of 'em since. Anyway I hope the new AXC flies but I'll point out when I think there's a chink in the TA armor. Good luck, Stan

To: Michael Olds who wrote (7372)	4/16/1999 9:49:00 PM
From: Carl R.	Respond to of 17679

Nice post, Michael. I think you hit the nail on the head. The stock was relatively stable, though slightly down, prior to the press release. The press release had minimal impact, maybe 1/4 point. The market is getting numb to all the news, and eager for signs that the strategy is producing results. These hirings, and facilities are whetting our appetite, and enticing investors, but the market isn't quite ready to believe. When AXC can release information regarding exponential revenue growth, then the stock will really react. So then, why all these press releases? The obvious answer is to drive up the stock, and to create interest. To what end? So that insiders can dump their shares? I seriously doubt that. They wouldn't hire big name people just to bail out. To stimulate awareness of TV-on-the-web and increase visits to the site? Well, while it does do that, I doubt that is the reason. To stimulate interest in and sales of the DST? This is more likely, but I don't think it is the right answer either. I think the reason is to prepare the market for the coming IPO. And a thing of beauty it is, too. What a job they are doing! Why rush the hiring of professional management? Why announce so many new channels all at once? Why open the European production facility so soon? Why a press release every single day (which I expect to continue for the duration of NAB, by the way)? To whet the market's appetite for TV-on-the-web. To put TV-on-the-web on everyone's tongue. To make TV-on-the-web the most sought after IPO of the year! Just think - combine energetic Dave Gardy, professional management, a global presence, and explosive growth and what do you have? Think $6 billion IPO! I see it all, and it's beautiful. It could be the medicine I'm taking, of course. <VBG> Carl