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

To: flickerful who wrote (7945)	4/27/1999 9:44:00 AM
From: bchunter38	Respond to of 17679

Tvontheweb has also updated their web pages. the main page seems to be easier to read. I see Dave has been listening to the board. Looks alot more cleaner and easier to read.

To: flickerful who wrote (7945)	4/27/1999 9:48:00 AM
From: Glenn Perry	Read Replies (2) \| Respond to of 17679

<<<Those of you who are familiar with Ampex or have been shareholders for a while have a good view of our challenges and of the opportunities created by our unequalled experience in electronic imaging.>>> Ed Bramson seems keenly aware of the vast knowledge, ideas and vision projected by members of this discussion board. Congrats to all the contributors. >>>Our strategic interest in Reiter stems from the possibility that e-commerce will be the most important source of profit on the Internet, and that it could be useful to have in-house expertise in this field. Our initial investment represented 20% of Reiter's stock with an option to acquire a majority. We will be exercising this option after the end of the first quarter and Reiter will become a majority-owned subsidiary of Ampex at that point.<<< Key statement regarding the option to obtain a majority interest in Reiter first. Leads one to believe e-commerce will be top priority. >>>...we have begun construction of our own Internet video production and distribution center in the Los Angeles area to be followed closely by a similar operation in New York City. These facilities will give Ampex a base for its own set of "channels" yet to be named.<<< ??? Their own "channels"? >>>These new channels will be complementary to those of AENTV and TV ontheWEB which will develop as independent brands. We have recently hired experienced professionals, based in New York, to head the marketing, programming and advertising sales functions for our own channels and to coordinate with AENTV, TV onthe WEB and other potential affiliates.<<< Not sure what the plan is here. Could be to have the facilities, personnel, and equipment to experiment on their own, having direct control over the content and delivery (and equipment i.e. DST/MicroNet).