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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (926)	2/7/2000 9:30:00 AM
From: Esway	Respond to of 5499

EGRP:16) Hambrecht & Quist (EGRP) Added to focus list with a buy stock oversold and ready to rebound, target $40

To: JakeStraw who wrote (926)	2/7/2000 9:46:00 AM
From: Esway	Read Replies (2) \| Respond to of 5499

Newell Rubbermaid Announces Stock Repurchase Program PR Newswire - February 07, 2000 09:32 FREEPORT, Ill., Feb. 7 /PRNewswire/ -- Newell Rubbermaid Inc. (NYSE: NWL; CHX) today announced a stock repurchase program of the Company's outstanding stock. The Board of Directors have announced an expenditure of up to $500 million for the repurchase. "Based on our current valuation, we find our stock repurchase program to be an excellent use of capital," stated John J. McDonough, Newell Rubbermaid's Vice Chairman and CEO. "The decision to repurchase shares underscores our focus on shareholder value and confidence in our management team and earnings growth potential." The extent to which the Company repurchases its shares and the timing of such purchases will depend upon market conditions and other corporate considerations. Purchases may be made in the open market as well as in negotiated or block transactions. The repurchase program will remain in effect until December 31, 2000. The statements contained in this press release that are not historical in nature are forward-looking statements. Forward-looking statements are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements. For a list of major factors that could cause actual results to differ materially from those projected, refer to the Newell Rubbermaid's Third Quarter 1999 Form 10-Q, Exhibit 99, filed with the Securities and Exchange Commission. Based in Freeport, Illinois, Newell Rubbermaid Inc. is a multi-national manufacturer and marketer of high-volume, branded, staple consumer products with 1999 sales of $6.4 billion. Newell Rubbermaid products are sold through a variety of retail and wholesale distribution channels in the following business segments: Household Products, including Mirro(R), Regal(R) and Calphalon(R) cookware, Rubbermaid(R) and Curver(R) home products, Little Tikes(R), Graco(R) and Century(R) infant and juvenile products, Anchor Hocking(R) glassware and Goody(R) hair accessories; Hardware and Home Furnishings, including Levolor(R), Kirsch(R), Gardinia(R) and Newell(R) window treatments, Amerock(R), EZ Paintr(R), BernzOmatic(R) and Bulldog(R) hardware and tools, Intercraft(R), Burnes(R), Panodia(R) and Albadecor(R) picture frames, Holson(R) photo albums and Lee Rowan(R) home storage products; and Office Products, including Sanford(R), Berol(R), Sharpie(R), Rotring(R) and Reynolds(R) writing instruments and Rolodex(R) and Eldon(R) office storage and organization products. SOURCE Newell Rubbermaid Inc. /CONTACT: John P. Graham, Vice President -- Investor Relations, of Newell-Rubbermaid Inc., 815-381-8150, or fax, 815-381-8155/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 765613/ /Web site: newellco.com