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Technology Stocks : American Power Conversion

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To: TobaccoMan who wrote (1736)8/13/1997 9:42:00 PM
From: jas cooper   of 2574
 
Does APCC plan a full fight? How might this affect future earnings?

Amer Power Conversion: SL Indus Suit To Have No Fincl Impact

WEST KINGSTON, R.I. (Dow Jones)--American Power Conversion Corp. (APCC) said SL Industries Inc.'s (SL) patent infringement suit will have no impact on its financial position.

As reported yesterday, SL Industries sued American Power Conversion, seeking injunctive relief and monetary damages.

In a press release Wednesday, American Power said it is reviewing the lawsuit and is planning to vigorously defend itself against it.

American Power said the suit alleges that its Back-Ups Office uninterruptible power supply products infringes two SL Industries patents.
American Power said the Back-Ups product accounted for less than 2% of its revenues in the second quarter.

"Dow Jones News Service"
"Copyright(c) 1997, Dow Jones & Company, Inc."
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