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Technology Stocks : American Power Conversion

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To: Phillip Crone who wrote (1822)10/29/1997 3:43:00 AM
From: douglas hurd   of 2574
 
Phillip,

Don't disagree with you at all. I simply believe that the ability of this company to expand its business is not so much affected by the rate of growth in the PC/IT industry as it is by the operational challenges. To be more specific, managing multiple factories, expanding the work force, designing next generation products and all the baggage associated with moving from hundreds of millions in sales to billions.

I certainly don't want you to think I'm getting in a pissing match with you. ("Who can piss higher up the wall" is one of the great British expressions.)

I sold UPS products for 4 exciting years and I've been a stock holder for much longer. I think this company still enjoys a sheltered position in the market place. No real competition and still plenty of market share to eat up in a growing market. As for the growth rate in Asia? If it affects EPS by 1 or 2 cents I'd be surprised. But like you, I think a slow down is bad news.

Enjoy Rhode Island. I was there about 8 weeks ago and it was the first time I'd been there other than at Chistmas for about four years.

Douglas

PS. If you're not from RI you might need a translator.
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