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

To: Grand Poobah who wrote (20)	8/28/1998 3:16:00 PM
From: Walter Morton	Respond to of 338

Thanks for the article! I just forwarded the article to a few people at semiconductor.eaton.com and asked for comments. If I get a response, I'll let you know.

To: Grand Poobah who wrote (20)	9/1/1998 8:34:00 AM
From: Walter Morton	Read Replies (1) \| Respond to of 338

I got this response from Eaton regarding the article: Not sure what kind of comments you are looking for, but here are some of my thoughts. This is just one of many recent articles published about the wisdom of investing new $$ (and past investments) in 300mm. Of course, its easy to write about these things after they happen. It was only a short time ago the price of a DRAM chip was $50, now it is <$2 - who could have predicted such a drop? I think most people in the industry know 300mm will happen - just later than originally planned. In the meantime, suppliers and manufacturers are focused on using design shrinks on their existing 200mm systems. Best regards, Maureen Hart

To: Grand Poobah who wrote (20)	9/18/1998 6:41:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 338

These are some companies that I think ETN could buy and get a good response from the market: ASYT, BRKS, SVGI, IPEC,SMTL,NVLS, or WJ Most have very low price earnings ratios which make them a bargain, except for NVLS and SVGI. Most have grow more than 20% over the next five year without the cost that ETN could eliminate. WJ and SMTL only have expected growth of 11% and 16% respectively. I like the idea that NVLS would bring ETN's earnings per share over $8, which is one of the company's goal. It would probably cost ETN a $1 Billion to buy NVLS, but it would not be the first time that ETN made a billion dollar acquisition. I believe ETN bought part of Westinghouse in 1993 or 1994 for $1 Billion. Unfortunately, these companies will be probably not be acquired by ETN because ETN has a history of buying parts of companies or private companies. That way most shareholders have no idea of whether or not the acquisition was made at a good price.