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Technology Stocks : American Power Conversion
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To: Bald Man from Mars who wrote (1210)4/23/1997 9:18:00 PM
From: Stanley L. Freedman   of 2574
 
Here's my 2c worth. I attended the Annual meeting the other day.

After the formal part of the meeting, Dowdell was taking questions and one was about the affect of the strength of the dollar. Dowdell did say it would be costly (I don't want to quote a figure). Just as the meeting was breaking up, Muir, the CFO, came to the microphone and said that of all the money involved overseas, only 15% (I heard that-15%) of the money involving overseas sales was not in American dollars. That's not a hell-uv-a lot, IMHO.

Dowdell is not smooth. He doesn't fill an audience with confidence, at least, not me. On the other hand, he's been doing something right to get this far. So----we'll see soon. I'll buy on any further dips, for sure.
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