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Technology Stocks : American Power Conversion

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To: Stephen Tomasetti who wrote (2367)	7/27/2000 5:36:07 PM
From: Stephen Tomasetti	of 2574

Thursday July 27, 5:31 pm Eastern Time AFTER THE BELL - American Power hammered NEW YORK, July 27 (Reuters) - American Power Conversion (NasdaqNM:APCC - news) plunged in Thursday's aftermarket after it reported second-quarter results, including the effect of special items, showed net earnings trailing last year's results. Shares in American Power, a provider of power protection products and services, were the most actively traded on the Island electronic platform where they were quoted at 33.00, down from their close at 46-1/2 on Nasdaq. American Power last traded at 34.50 on the Instinet electronic system. Shortly after Nasdaq closed, American Power posted net earnings per share of 29 cents for the second quarter against 22 cents per share in last year's corresponding quarter. But including special charges and the impact of acquisitions, it said diluted net income per share stood at 17 cents for the latest quarter. Analysts on average were expecting the firm to post a profit of 29 cents per share.

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