Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 369.48

+0.4%

Nov 12 3:59 PM EST

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To: Grand Poobah who wrote (54)	11/3/1998 5:07:00 PM
From: Walter Morton	Read Replies (2) of 338

November 3, 1998 Eaton sells Pageland facility Eaton announced that a group of private investors agreed to purchase the Pageland, South Carolina, plant. Terms of the transaction were not disclosed, and the purchase was effective November 1, 1998. The new operation will be known as the Challenger Electric Company. It is expected that all 126 of its current employees will be offered employment with the new organization. The Pageland business, which had sales of $9 million in 1997, manufactures porcelain lighting fixtures. Eaton said it sold the plant, which was part of Cutler-Hammer's Power Distribution Assemblies Division since 1994, because the products manufactured at the facility no longer fit the company's longer-term business strategy.

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