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<B><FONT FACE="Times" SIZE=4><P ALIGN="CENTER">UNITED STATES</FONT><FONT SIZE=4><BR>
</FONT><FONT FACE="Times" SIZE=4>SECURITIES AND EXCHANGE COMMISSION<BR>
</FONT><FONT FACE="Times">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><FONT FACE="Times" SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
</FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times" SIZE=4><P ALIGN="CENTER">CURRENT REPORT</P>
</FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times"><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
</B></FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<B><FONT FACE="Times"><P ALIGN="CENTER">Date of Report (Date of earliest event reported):  May 2, 2007</P>
</FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times" SIZE=6><P ALIGN="CENTER">AMPEX </FONT><FONT FACE="Times" SIZE=6>CORPORATION<BR>
</FONT><FONT FACE="Times" SIZE=1>(Exact name of registrant as specified in its charter)</P>
</FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P></B>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><FONT FACE="Times"><P ALIGN="CENTER">Delaware</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT FACE="Times"><P ALIGN="CENTER">0-20292</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT FACE="Times"><P ALIGN="CENTER">13-3667696</B></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Times" SIZE=1><P ALIGN="CENTER">(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Times" SIZE=1><P ALIGN="CENTER">(Commission<BR>
File Number)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Times" SIZE=1><P ALIGN="CENTER">(IRS Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>
<FONT FACE="Courier New"><P ALIGN="CENTER">&nbsp;</P>
</FONT><B><FONT FACE="Times"><P ALIGN="CENTER">1228 Douglas Avenue<BR>
Redwood City, California 94063-3117<BR>
</FONT><FONT FACE="Times" SIZE=1>(Address and zip code of principal executive offices)</P>
</FONT>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times"><P ALIGN="CENTER">Registrant's telephone number, including area code:</P>
<P ALIGN="CENTER">(650) 367-2011</P>
</B></FONT><P ALIGN="CENTER"></P>
<B><P>&nbsp;</P>
</B><FONT FACE="Times"><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</FONT><FONT FACE="Times" SIZE=2><DIR>
</FONT><FONT FACE="Times"><P>[]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P>[]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</FONT>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P></DIR>
<B><FONT FACE="Times"><P>Item 2.02.  Results of Operations and Financial Condition; Item 8.01.  Other Events.</P>
</B></FONT><P ALIGN="JUSTIFY"><A NAME="OLE_LINK1">On May 2, 2007, Ampex Corporation announced that it intends to issue its preliminary unaudited first quarter 2007 earnings release to the press after the markets close on Thursday, May 10, 2007. The Company will also hold a conference call with analysts, the media and shareholders to review its financial results.  A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.  </A></P>
<B><P><BR>
</P>
<FONT FACE="Times"><P>Item 9.01.  Financial Statements and Exhibits.</P>
</FONT><DIR>
<DIR>
<FONT FACE="Times"><P>(d)  Exhibits.</P>
</B></FONT><DIR>
<DIR>
<FONT FACE="Times"><P>99.1&#9;Press Release of Ampex Corporation dated May 2, 2007.</P>
</FONT><B>
<P>&nbsp;</P>
</B><P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
<FONT FACE="Courier New"><P>&#9;</P>
</FONT>
<P>&nbsp;</P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times"><P ALIGN="CENTER">SIGNATURES</P>
</FONT>
<P>&nbsp;</P>
</B><FONT FACE="Times"><P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
</FONT>
<P>&nbsp;</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=356>
<TR><TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="89%" VALIGN="TOP">
<FONT FACE="Times"><P>AMPEX CORPORATION</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="89%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP">
<FONT FACE="Times"><P>By:</FONT></TD>
<TD WIDTH="89%" VALIGN="TOP">
<U><FONT FACE="Times"><P>/s/__  Joel D. Talcott_<BR>
</U>Joel D. Talcott<BR>
Vice President and Secretary</FONT></TD>
</TR>
</TABLE>
</P>
<FONT FACE="Courier New">
</FONT><P>&#9;&#9;&#9;&#9;&#9;&#9;</P>
<U>
</U><FONT FACE="Times"><P>Date:  May 2, 2007</P>
</FONT>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Times"><P ALIGN="CENTER">EXHIBIT INDEX</P>
</FONT>
<P>&nbsp;</P></B>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="12%" VALIGN="TOP">
<B><FONT FACE="Times"><P>Exhibit<BR>
<U>Number</B></U></FONT></TD>
<TD WIDTH="88%" VALIGN="BOTTOM">
<B><U><FONT FACE="Times"><P>Description</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP" HEIGHT=26>
<FONT FACE="Times"><P>99.1*</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP" HEIGHT=26>
<FONT FACE="Times"><P>Press Release of Ampex Corporation dated May 2, 2007.</P>
</FONT><B></B></TD>
</TR>
</TABLE>
<B><P>&nbsp;</P>
</B><P>&nbsp;</P>
<FONT FACE="Times"><P>_____</P>
<P>* Filed herewith.</P></FONT></BODY>
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UNITED STATES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  May 2, 2007
AMPEX
CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
0-20292
13-3667696
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1228 Douglas Avenue
Redwood City, California 94063-3117
(Address and zip code of principal executive offices)
Registrant's telephone number, including area code:
(650) 367-2011
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02.  Results of Operations and Financial Condition; Item 8.01.  Other Events.
On May 2, 2007, Ampex Corporation announced that it intends to issue its preliminary unaudited first quarter 2007 earnings release to the press after the markets close on Thursday, May 10, 2007. The Company will also hold a conference call with analysts, the media and shareholders to review its financial results.  A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.  Financial Statements and Exhibits.
(d)  Exhibits.
99.1	Press Release of Ampex Corporation dated May 2, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
AMPEX CORPORATION
By:
/s/__  Joel D. Talcott_
Joel D. Talcott
Vice President and Secretary
Date:  May 2, 2007
EXHIBIT INDEX
Exhibit
Number
Description
99.1*
Press Release of Ampex Corporation dated May 2, 2007.
_____
* Filed herewith.