Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Carl R. who wrote (7525)	4/18/1999 6:37:00 PM
From: Michael Olds	Read Replies (2) \| Respond to of 17679

>In actuality the initial market cap of TVoW would probably be much >less than the $3 billion in the example above, probably no more than >$1 billion, though it would hopefully rise in time to the $3 billion >level. Therefore the cash receipts may well be much less, probably >1/3 of the amounts listed above. Thus post-IPO I would guess that >AXC will hold about $333mm of TVoW stock and maybe $20mm in cash. >Does this sound reasonable No offence Carl, you're arguing your case well, but my answer is, in a word, no. I think the figures in this, your last paragraph, are much closer to the likely than those used in the full argument, and $20 M leads to a bankrupt AXC. Those shares of TVotW AXC would hold are worth nothing until they are sold, and TVotW has to go it alone on another $20 M. And where does this leave the Ampex Network? Without one of it's most credable assets.