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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: Turs who wrote (2392)	10/19/2000 6:02:21 PM
From: The Ox	Read Replies (1) \| Respond to of 2574

Earnings out Oct 26th. Just a reminder from last Q: Business Outlook "We are currently seeing and continue to expect solid growth from our Asian region as well as continued success in winning enterprise solution applications business with our three-phase Silcon solutions. Excluding the impact of acquisitions, our outlook, based on the current tone of business and internal forecasts, is an expectation of third quarter revenue percentage growth in the range of mid-single digits to mid-teens versus the third quarter of 1999. The acquisitions of Advance Power and ABL Electronics should add approximately 5 percent in incremental revenue for the quarter, thus expanding the revenue growth rate range to 10 to 20 percent. Excluding acquisitions, gross margins in the third quarter should remain in the mid-40s and operating expenses as a percentage of sales should remain in the mid-20s yielding earnings per share in a range of $.29 to $.35. For the fourth quarter we expect earnings per share to be a few cents higher than the third quarter, bringing the full year earnings per share range to approximately $1.13 to $1.25. "We continue to build our incremental businesses, focusing on high growth areas such as the Internet infrastructure build-out and communications growth. APC remains the largest, and we believe the most profitable, global provider of AC power protection solutions and we continue to aggressively ramp efforts to expand our position in both traditional and new markets."