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Technology Stocks : American Power Conversion

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To: Joseph Francis Torti who wrote (1321)4/30/1997 2:36:00 PM
From: Stephen Tomasetti   of 2574
 
Some recent press, very very good IMHO

American Power Conversion to Support HP's PowerWise UPS Customer Base American Power Conversion to Support HP's PowerWise UPS Customer Base April 30, 1997 9:07 AM EDT

PALO ALTO, Calif., and WEST KINGSTON, R.I., April 30 /PRNewswire/ -- Hewlett-Packard Company (NYSE: HWP) and American Power Conversion (APC)(Nasdaq: APCC) today announced the signing of a contract that will provide ongoing warranty support for HP's installed base of HP PowerWise uninterruptible power supply (UPS) customers. Effective May 1, APC will provide UPS products and offer power-protection solutions for HP PowerWise customers' future UPS installations. HP, which will no longer produce, supply or support HP PowerWise products, still Produces other power-related products as part of its complete computational solutions.

"HP PowerWise customers will be well-supported, thanks to APC's commitment to offer complete support to our global customer base," said Gary Whitman, marketing manager of HP's New Jersey Division. "APC has the technical expertise necessary to support HP PowerWise products and customers, and we are confident they will provide the quality of service our customers are accustomed to."

"HP recognizes the value-add that power protection brings to a customer's network," said Ed Bednarcik, general manager of APC's Network Power Solutions Division. "APC is committed to continue providing the highest-quality UPS products and services to HP PowerWise customers. We are well-positioned to accomplish this due to APC's comprehensive understanding of customers' power- protection needs."

HP PowerWise UPS customers worldwide may contact APC for warranty service and technical support for their installed systems. In North America, customers may call 888-204-0173. Outside North America, customers may call 353-91-702000, extension 2012 (English), extension 2013 (French and Spanish) and extension 2014 (German and Dutch).

Hewlett-Packard Company is a leading global provider of computing, Internet and Intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 112,800 employees and had revenue of $38.4 billion in its 1996 fiscal year. American Power Conversion is the marketshare leader in the design, manufacture and marketing of power protection equipment, including surge suppressors, uninterruptible power supplies (UPS), power conditioning equipment and related software for computer and computer related equipment. APC reported sales of $707 Million for the year ended December 31, 1996. The company is headquartered in West Kingston, RI and its products are distributed worldwide. SOURCE American Power Conversion

c PR Newswire. All rights reserved.

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