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Technology Stocks : American Power Conversion
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To: Candle stick who wrote (1214)4/23/1997 10:46:00 PM
From: Amir Desai   of 2574
 
I took a big position in APCC @ $18.5 today. I still own 1000 shares I bought last year for $12.

My broker is w/ Painewebber and talked to both investor relations at APCC and the Painewebber Analyst who covers the stock...both reponses led us to take a big stake today.

IR downplayed the CEO's comments by re-emphasizing that only 15% of total revenues are in foreign $$$. She went on to say that APCC hedges against fluctuations with the dollar using currency options.

Their Analyst spoke w/ the company and feels VERY comfortable w/ this quarter's .22 estimate.

APCC has way too much on the line, to have a downside earnings surprise. APCC Mgt is desperately trying to regain the respect of Wall Street after the earnings screw up last year.

Of 6 or 7 firms that follow APCC, all have BUY or STRONG BUY recommendations. Zack's recently upgraded their rating on APCC to "1". Painewebber Analyst met with the company 3 weeks ago and reiterated his buy. I believe two other brokerages upgraded or reiterated their buy about a month ago after guidance from APCC.

Don't get fooled by the shorts and their Bullsh$t article in that local paper.

Here's another thought from a non-techie. Shouldn't APCC server products grow as fast or faster than server sales. What is Dell, CPQ & IBM saying about server sales? I'll give you a hint...ROBUST, 30+% growth. Aren't APCC server products higher margin? Sometimes these relationships should be more clear to all of us.

Upward & onward.
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