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

To: Carl R. who wrote (8212)	5/8/1999 12:30:00 PM
From: flickerful	Respond to of 17679

<<..... SI has really gone downhill lately? >>post GNET, yes...<eom>

To: Carl R. who wrote (8212)	5/8/1999 7:54:00 PM
From: B. A. Marlow	Read Replies (1) \| Respond to of 17679

Nice post, Carl. Some IPO and GNET comments: What can be IPO'd is AXC's interest in its Web properties, along with its corporate program, AXCTV. Doing so would not require that Reiter, TVW or AENTV be themselves public or that AXC own more than minority interests. This is somewhat (but not quite) equivalent to DBCC and CBS taking public their 50 percent investments in MKTW (post-IPO, they ended up with 38 percent each). As the controlling shareholder of Reiter, TVW and AENTV, AXC in effect already calls the valuation of these properties. Agreed that strategic investments by big players in AXC's Webcasting business represent the most important next step. GNET is the parent of SI ("stolen" at this time last year for about $34-35 million in GNET stock at the time) and the portal in which Paul Allen's Vulcan Ventures (owner of Charter Communications, the nation's #6-7 cable operator) is investing hundreds of millions. Here are a couple of items on his dramatic land grab: Message 9379112 archives.seattletimes.com There are a lot of potential partners for AXC, but there is arguably none better than Paul Allen/Vulcan/GNET/Charter. As Ed B. points out so cleverly in his shareholders' letter (with apologies to the late Vince Lombardi), "...broadband isn't everything, it's the *only* thing!" Here lies your basic "Kodak Moment." For those asleep at the switch, SI is only a couple of weeks away from logging its 10 millionth post, a dramatic achievement. While SI has been slow to launch its next-generation system (including, hopefully, a few bug fixes), look for its roll-out in the next few weeks. As of year-end '98, SI had 105,000 subscribers, up from 80,000 last June. At the end of the first quarter, SI's subscriber rolls exceeded 150,000. Clearly, SI's perceived value is accelerating dramatically. Also, take a look at GNET's growing list of properties and ask yourselves whether AXC wouldn't be a kid in a candy store in this environment: go2net.com I'm already on record with the belief that SI represents not only the future of individual investing, but of shareholder relations and corporate governance as well. We are the future. Finally, as you point out, AXC will need bundles of cash to pursue its strategy. It's apparent that Ed B. well knows where it's going to come from. Thanks, all, for your terrific perspectives, comments, research, technical analysis and good humor. No message board in cyberspace can touch this experience. BAM P.S. Long AXC, GNET and hopefully, a whole bunch of potential AXC strategic partners. Just wouldn't miss this party...