To: Terry W Weaver who wrote (8204 ) 5/8/1999 1:22:00 PM From: Lee Konkel Read Replies (1) | Respond to
Terry,<<I would like to think that Ampex would be partnering with a major player that already has Broadband infrastructure in place or "nearly" in place. It's my understanding that studio left and studio right are being built as we speak.>> We think that streaming software is the real revolution because it delivers video today whereas broadband delivery is primarily an evolution that will make the video look better over time.” In this way we can justify an organization to produce, brand and market our collective content on a major scale. Finally, and importantly, we foresee an opportunity to use Ampex Data Systems' and MicroNet's image storage expertise to archive all of our material, thereby building a content library that will have long-term value, much as television, film and information libraries do today.”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.”e-commerce as quoted above.business-to-business oriented. It is a full service operation that can provide services ranging from production and web distribution to live webcasts and advertising sales.”entertainment oriented and consumer focused ."we currently have the financial resources to pursue the Internet video market, the costs of so doing will be high for some considerable period. Accordingly, I want to make you aware that while we may be profitable in one or more quarters of 1999, I expect that in several quarters and for the year as a whole we will probably report a loss. "
