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Technology Stocks : American Power Conversion
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To: Stanley L. Freedman who wrote (934)2/24/1997 7:38:00 PM
From: DAVID BANISTER   of 2574
 
I take analysts estimates with a grain of salt and so should you

The fastest rising stocks are usually the ones that beat estimates consistently or
by a wide margin. Too often analysts underestimate or overestimate earnings. How can Advest]
possibly have clue what APC will earn 12/97 quarter, let alone 12/98? WIth the development of the
web and the international need for UPS protection increasing with more worldwide computer use,
I find their 22% estimates a bit conservative. 25-30% is much more likely over the next 3-5 year
time frame.
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