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

To: BWAC who wrote (2484)	11/15/2001 12:26:22 PM
From: JakeStraw	Read Replies (1) \| Respond to of 2574

RESEARCH ALERT-American Power Conversion started biz.yahoo.com NEW YORK, Nov 15 (Reuters) - Goldman Sachs said on Thursday analyst Mas Siddiqui initiated coverage of American Power Conversion (NasdaqNM:APCC) with a ``market outperform'' rating and an $18 target price. Stating the company dominates the $6 billion UPS -- uninterruptible power supply -- market with a 20 percent share, the analyst said, adding American Power Conversion maintains a strong balance sheet with ample cash and no debt despite difficult market conditions. ``Although we project lower revenues over the next several quarters, owing to the general economic slowdown and weaker IT (information technology) spending, we expect the company to continue to generate profits and free cash flow. Specifically, we project 2001 EPS of $65 cents, a 37 percent decline from 1999 and 2000 levels. For 2002 and 2003, we project EPS of 65 cents and 90 cents, respectively, which is 21 percent below current consensus estimates.'' The analyst went on to say: ``We would encourage investors to build a position on (price) dips, as APC is an established leader in this universe