Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 381.56

-0.4%

Oct 31 9:30 AM EDT

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To: Walter Morton who wrote (297)	4/17/2000 10:47:00 AM
From: DSPetry	Read Replies (1) of 338

Hey now - Stop picking on Cutler-Hammer <wink> Eaton's Industrial & Commercial Controls segment also turned in a record first quarter performance. Sales of $579 million were 13 percent above last year while operating profits of $49 million were up 81 percent. Hardis noted that sales growth continued to far exceed the 8 percent rise in the North American market for electrical distribution equipment and industrial controls. Said Hardis, "Our Cutler-Hammer business achieved 12 percent year-to-year growth. We are seeing market share gains in our traditional business as well as a 20 percent rise in sales of Cutler-Hammer's Engineering Services and Systems business. In addition, sales of our Navy Controls business were 70 percent above last year." biz.yahoo.com 12% growth is not to shabby!!!! Dave

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