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Technology Stocks : Eaton (ETN) is definitely not overvalued!
ETN 377.23-2.1%3:59 PM EST
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To: Grand Poobah who wrote (35)9/30/1998 9:08:00 PM
From: TigerPaw  Read Replies (4) of 338
 
Wow, so they are closing the Austin plant
I worked at the Austin plant about 8 years ago. It's a sad day to see it go, I still have many friends there. I worked on the wafer tracks, now gone, shortly after they killed off the steppers. It was obvious to me that Eaton had no committment to be a high tech company. There was a corporate rule that you could not buy PCs since they had a corporate mainframe that was good enough. I used to compete with companies like Dell and Packard Bell by building PCs out of spare parts (it was okay to buy spare parts, just not PCs). Of course not including my salary we were spending several thousand extra dollars per crummy machine. When the fiscal year rolled around they would buy the managers new PCs to run their spreadsheets while the engineers got the managers old machines or waited for me go scrounge up more bits of junk (I used to ask vendors for sample chips just to complete some of these).

Well, I understand that Eaton is not just all transmissions anymore, but I also know that the company is run as if it is still 1920. At least in Austin a talented workforce does not have to look far for an opportunity.

TP (Who remembers fondly when Eaton sent him to every silicon spinner in France to reassure the customers).
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