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

To: digger who wrote (7806)	4/23/1999 3:22:00 PM
From: df	Respond to of 17679

From the DEF 14A.... Only part, mind you. COMPANY BACKGROUND Ampex is one of the world's leading providers of technologies for the acquisition, storage and processing of visual information. The Company currently provides digital image solutions for large-scale corporate, government, network, entertainment and telecommunications applications. Its principal product groups are its mass data storage and instrumentation products and its professional video and other products. Ampex has significant experience in digital image processing and has approximately 1,000 patents and patent applications in this field and in recording technology, from which it has derived significant licensing income, primarily from manufacturers of consumer video products around the world. Recently, Ampex has sought to leverage its digital image technology and expertise both internally and through selected strategic investments, particularly in companies which are involved in the delivery of video images over the Internet. In the last twelve months, the Company has acquired MicroNet Technology, Inc., and has made investments in Reiter Associates, Inc., TV onthe WEB, Inc. and Alternative Entertainment Networks, Inc. The Company has also announced plans to establish program production and distribution facilities in Los Angeles and New York City in order to produce Internet video content and distribute it to targeted Internet markets. There can be no assurance that the Company will realize any financial benefit from any such completed or future acquisitions or production facilities. References to "Ampex" or the "Company" include subsidiaries and predecessors of Ampex Corporation, unless the context indicates otherwise. <<Telecommunications applications>> New inclusion in defining AXC....PSIX ? Like it.