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Technology Stocks : American Power Conversion

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To: Gil Gilbertson who wrote (1512)	6/27/1997 12:11:00 PM
From: Joseph Francis Torti	of 2574

Patience! What patience! What does that word mean! (G) Gil what is your guess for this quarter earnings. Just because P.C sales might be good people who are buying p.c. or upgrading p.c. doesn't mean they are buying the u.p.s. They may be buyers or upgrader of p.c. that already own a u.p.s. We have to depend on the Cheap Europeans to buy the new u.p.s. for Apcc growth and so far the pound and the mark is still gaining on the dollar so don't bet on the European buying the new u.p.s. I would have felt a little more confidence if the pound and the marks was declining to the dollar. Both currency is higher then the last Apcc quarter estimates. Joe

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