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Technology Stocks : American Power Conversion

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To: Boots who wrote (2147)	4/8/1999 10:37:00 PM
From: The Ox	Read Replies (1) of 2574

Found this while surfing tonight: decisionpoint.com From Volume 4, Issue 3 - March 12, 1999 March Stock Pick American Power Conversion It is getting harder and harder to ignore the hype and speculation about the "Y2K" issue. Here is a stock that may actually benefit from the phenomenon, whether the Y2K bug turns out to be a problem or not. APCC manufactures and installs uninterruptible power supplies for computers, from PCs right up to the huge "data warehouses" used by big companies and government entities. Their equipment is also used to protect the hubs, routers, and other automatic devices that power the Internet. APCC has been experiencing growth of around 30% a year in revenues but is trading at a reasonable PE ratio at the moment. This company pays no dividends, making it an exception in the 2 for 1 portfolio, and it will almost certainly be more volatile than the average company recommended by 2 for 1. Nevertheless, its business is sound, it carries no debt, and it has been knocked down by the market to reasonable levels as we go to press. APCC splits on May 28. We will be trying to buy this stock at $35 or less over the next week or so. (APCC bought for the 2 for 1 portfolio at 28 5/8 on March 16th)

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