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Technology Stocks : American Power Conversion

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To: laurel bowen who wrote (2100)	3/3/1999 11:11:00 PM
From: The Ox	of 2574

From the company's own earnings release less then one month ago: Business Outlook "The worldwide IT markets that our products serve continue to expand and support exciting new applications. We believe the continued need for assurance that power problems won't bring operations to a halt remains strong. For the full year 1999, we expect to see revenue and net income growth in the range of 20 to 25 percent. We are presently comfortable with the range of earnings per share estimates of $1.92 to $1.93 for the full year 1999 and $.33 to $.37 for the first quarter 1999, as published on First Call," concluded Dowdell. My how things have changed in a couple of days!!! Every year since I've been following APCC, around this time of the year we get an analyst who comes out and says that APCC's growth is slowing dramatically due to one reason or another. At the end of every year, these same analysts look like fools. This is not to say the the stock won't continue to fall due to emotional over reaction by the street. Certainly, if the market tanks or continues to decline, APCC's stock price will struggle from today's change in perception.

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