Eaton (ETN) is definitely not overvalued! Message Board

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

ETN 386.72

+1.3%

Nov 3 3:59 PM EST

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To: go4it who wrote (278)	2/27/2000 2:26:00 AM
From: Walter Morton	of 338

ETN is just doing this to raise money to make its next acquisition or to pay off some debt. However, it does send a message to the public that ETN is not just a boring automotive component supplier. I agree with you that it is about time. I have always thought that ETN's semiconductor business had the most potential for growth and new shareholder appeal. Even if ETN does not go forward with this stock offering, the publicity could bring in new shareholders at higher prices. If they do go forward with the stock offering, I hope they list the new company on Nasdaq instead of the NYSE.

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