Dutton Associates Announces Investment Opinion: Ampex Strong Buy Rating Maintained in Update by Dutton Associates.EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif. -- Dutton Associates issues its updated coverage of Ampex Corporation (Nasdaq:AMPX) maintaining a Strong Buy rating and confirming its 12-month price target of $50.00. The 17-page report by Dutton senior analyst Richard W. West Richard W. West was the mayor of Newport News, Virginia from 1932 to 1936. Preceded by Harry Reyner Mayor of Newport News 1932–1936 Succeeded by B. G. James , CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , is available at www.jmdutton.com, and from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. . We initiated coverage of Ampex Corporation (Ampex) in a research note on December 2, 2004. After registering an intra-day high of $56.75 on January 24, 2005, Ampex's common stock sold down recently to register a new 52-week low of $18.19 on January 26, 2006. Ampex has made significant progress in signing up additional licensees and paying down debt since we began our research coverage. Due to our long-term outlook for Ampex, based on the potential royalties from licensing its patents for digital still cameras, digital cam recorders, digital versatile disk recorders, and digital camera phones, we have maintained a Strong Buy rating during the downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. in the stock price. We reiterate re·it·er·ate tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates To say or do again or repeatedly. See Synonyms at repeat. re·it the Strong Buy rating and discuss the outlook for Ampex in our report. About Dutton Associates Dutton Associates is one of the largest independent investment research firms in the U.S. Its 28 analysts, primarily CFAs, have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 130 enrolled companies, and its institutional-quality research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in our one-year continuing research program is US $33,000 prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $63,000 from the Company for 7 Research Reports with coverage commencing on 10/12/2004. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
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