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

To: Zeev Hed who wrote (8699)	5/22/1999 9:37:00 AM
From: DAK7	Read Replies (1) \| Respond to of 17679

If AXC is supposedly moving to holding company status doesn't that make the probability of a combined IPO or several IPOs almost a certainty. From a financing standpoint wouldn't it be prudent to take advantage of the current market environment, particularly given that the calender is building and the dynamics could change dramatically in the next six to twelve months. From a control standpoint an IPO offers AXC an excellent opportunity to begin to realize the implied value of these properties without sacrificing majority ownership. I look at the recent TURF IPO where DLIA maintained a 75% controlling stake in the new company through the B shares, and the upcoming Waterhouse IPO in which TD Bank is offering only a 10% interest to the public. In each case unlocking shareholder value and raising capital was accomplished. In the TURF case, DLIA is now in a position if it chooses to distribute its 75% stake to its shareholders at some point in the future assuming TURF's valuation increases as the company executes it business model and moves toward profitabilty. From a competitive and financial standpoint I think AXC management would be very remiss if it failed to take advantage of this opportunity. Also, I would be very surprised if the IB's aren't already banging down AXC's door with proposed IPO structures. My guess is that we'll hear something very soon regarding AXC's plans, and the company will start to be valued based on the IPO potential of these companies. As an example, look at what a minority stake in five internet IPOs as done for the share price of LPGL. Good luck.

To: Zeev Hed who wrote (8699)	5/22/1999 10:14:00 AM
From: Thomas Kirwin	Read Replies (1) \| Respond to of 17679

Cash in the Coffers Zeev, Excerpt from InsiderTrader report regarding Ampex cash position... "On the company's balance sheet was a line called "Investment in Unconsolidated Companies". The line item totaled $5 million, and represented the recent investments in TV onthe Web and Alternative Entertainment Network. The company maintains a cash and short-term investment balance of $51.5 million, or $1.02 per share." IMHO - there is no immediate need for cash. Best O'Luck! Tom P.S. InsiderTrader maintains its $10.00 share target price for AXC.