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

To: Zeev Hed who wrote (8370)	5/12/1999 5:29:00 PM
From: Terry W Weaver	Read Replies (1) \| Respond to of 17679

Zeev...I understand your concern, and it pains me not to be able to give you a thorough picture in a bumper sticker version. When you look at what Ampex has accomplished since last fall it is boggling to figure the big picture, especially for someone who has not been following this stock for at least a few months. Ampex's core business has been on the decline for some time now since the core was focused at a small pro-broadcasting business. As such Ampex has defined a new vision to take full advantage of the "New Media" wave that is surely coming, witness all the media/telco/Internet mergers. All the players are scrambling for real-estate. Ampex has the technical know how and expertise in digital recording and processing. They wrote the book!. If you have not already, I invite you to read all the recent press releases.. go to ampex.com and then investor relations, read the Letter to Shareholders from CEO and news releases. A good place to start... Regards TW

To: Zeev Hed who wrote (8370)	5/12/1999 11:15:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 17679

Yes indeed Zeev. The cats are in the bag, and you can't see them yet. But trust me, they're big and fat. <G> The fundamentals of the core business are a bit weak, I'd agree. Micronet, if they succeed in turning it around, is well positioned in a strongly growing area, RAID, NAS and SAN, and even if they don't pose a threat to EMC, they should be able to grow and be profitable. The DST business is facing some hurdles, but as storage needs explode, the market should grow up to them, and the division should also become profitable. The true potential is in the acquisitions, though. As for Reiter, you'll get a look at them when Q2 financials come out as they apparently now own a majority. One of the clever things about the way they did these acquisitions is that they can keep them off the books where you can't see them until they are ready for you to see them. Apparently they believe that Reiter is now ready to see. This financial acuity, along with their ability to make money in the last several years despite declining sales is what gives me confidence that they do indeed have the cash flow situation under control even though I can't see what their solution is. Perhaps it is an impending IPO, or perhaps it is another convertible deal, or a strategic investment by Microsoft. But one thing I am confident of is that people who have been this careful with their dollars to date will not spend their last ones without knowing where the next ones are to come from. Carl