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Technology Stocks : American Power Conversion

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To: Mark Marcellus who wrote (2087)	3/3/1999 9:15:00 PM
From: laurel bowen	Read Replies (1) of 2574

/3/99 2:22 pm... AMERICAN POWER CONVERSION (APCC 30-7/8) DOWN 4, ADVEST DOWNGRADES TO MARKET PERFORM FROM BUY (cont.)... Analysts Michael Whitney,Jamie Wisner tell salesforce believe spending delay due to cos. taking wait-and-see attitude toward Y2K spending, evaluating what resources will be required to fix it before allocating budget dollars to new rollouts... Note INTC's product cycle also causing some customers to delay purchases while they wait for machines that run on newer microprocessor... Cut $1.93 '99 EPS estimate to $1.70, $2.27 '00 to $2.07... See little upside until issues resolve themselves./B.Brodie -0- APCC $ (5938) 03-03-99 02:26 PM EST

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