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

To: Zeev Hed who wrote (8304)	5/11/1999 8:00:00 PM
From: Carl R.	Respond to of 17679

Zeev they have enough cash to keep going at the current pace for at least 6 months, possibly a year. They had $51.5 million in cash and short term investments as of 3/31/99, down from $62.6 million at year end. Exercising the AENTV and TVoW options will cost then another $8-10 million or so. (They got a very good deal on these!) TVoW has been traditionally been profitable, so I don't think they are bleeding too much cash, though their venture in Malta no doubt is, and they did just add a highly paid person to the payroll. I don't know about the other divisions. I am confident that the conservative money managers in charge have plans for where the next money is coming from, though. Carl