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Technology Stocks : Eaton (ETN) is definitely not overvalued! -- Ignore unavailable to you. Want to Upgrade?


To: go4it who wrote (183)6/30/1999 6:06:00 AM
From: Cola Can  Read Replies (2) | Respond to of 338
 
Also, I have not been able to access the benefits web site for a couple of days now. Is the site down?

I got access yesterday. Make sure you are entering the
correct web address.



To: go4it who wrote (183)7/2/1999 6:54:00 AM
From: Walter Morton  Respond to of 338
 
ETN filed an 8-K and a 424b5 yesterday.



To: go4it who wrote (183)7/13/1999 12:03:00 PM
From: Walter Morton  Respond to of 338
 
At a P/E of less than 9, I would have recommended that ETN buy TT. Instead, ETN's low cash flow requires that they sell a division to TT:

transtechnology.com

quote.yahoo.com

biz.yahoo.com



To: go4it who wrote (183)7/19/1999 12:14:00 PM
From: Walter Morton  Read Replies (1) | Respond to of 338
 
I'm getting out at $125!

Hardis noted that Cutler- Hammer's North American orders in the second quarter were 14 percent ahead of one year ago. He attributed above- industry growth to strong residential and commercial construction markets, new multi-product ''solutions'' packaging, and the success of the new Engineering Service business unit.

Second quarter Semiconductor Equipment sales were $98 million, 6 percent above last year and well above the 10 percent decline in industry shipments. Operating profits were $10 million compared to an operating loss of $8 million. Said Hardis, ''Our results reflect the early hard-earned benefits of our operational restructuring more than a resurgent market. But the equipment market is rebounding, with the second quarter book-to-bill ratio above 1.20. Our second quarter orders were 47 percent ahead of last year, and are at the highest level since late 1997. Customer reception to Eaton's new generation of semiconductor equipment validates our uninterrupted R&D spending over the past two difficult years, and should be reflected in sustained higher sales in the year ahead.''

biz.yahoo.com