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Technology Stocks : American Power Conversion

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To: Alan Edgett who wrote (2036)	7/31/1998 2:06:00 PM
From: The Ox	of 2574

New York, July 31 /PRNewswire/ -- Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies: S&P Maintains Accumulate on American Power Conversion personalwealth.com American Power Conversion (Nasdaq: APCC) posted second quarter earnings per share of $0.35 (excluding a $0.07 charge) versus earnings of $0.28 per share one year earlier. Results were in line with expectations. S&P equity analyst Jim Corridore said revenues grew 28% and the company's gross margin widened on an improved product mix and material and labor cost reductions. Corridore thinks the shares of this maker of uninterruptible power supply products are attractive at 16 times his 1999 earnings estimate of $1.90, at a discount to the overall market and the expected three-year growth rate of about 21%.

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