Eaton (ETN) is definitely not overvalued! Message Board

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

ETN 385.36

+2.0%

Nov 5 3:59 PM EST

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To: pavlov 1 who wrote (135)	3/25/1999 6:09:00 PM
From: Walter Morton	Read Replies (1) of 338

behrgroup.com Is this the company that Eaton is going to sell its most profitable division? Fluid power was rumored to be at least 200% more profitable than some of ETN's other divisions. There news release states that this is an example of how confident ETN is in its future earnings. I wonder if this is not a desperate act. Eaton buys a company for $1.17 billion that has sales of $2.15 billion, but reduces its current $6.6 billion by $300 million (Fluid Power Division & Fastener Division). So, instead of sales of $8.75 billion (minus 25% for the first quarter), we can expect to to reduce $300 million.

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