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

To: Grand Poobah who wrote (35)	9/30/1998 9:08:00 PM
From: TigerPaw	Read Replies (4) \| Respond to of 338

Wow, so they are closing the Austin plant I worked at the Austin plant about 8 years ago. It's a sad day to see it go, I still have many friends there. I worked on the wafer tracks, now gone, shortly after they killed off the steppers. It was obvious to me that Eaton had no committment to be a high tech company. There was a corporate rule that you could not buy PCs since they had a corporate mainframe that was good enough. I used to compete with companies like Dell and Packard Bell by building PCs out of spare parts (it was okay to buy spare parts, just not PCs). Of course not including my salary we were spending several thousand extra dollars per crummy machine. When the fiscal year rolled around they would buy the managers new PCs to run their spreadsheets while the engineers got the managers old machines or waited for me go scrounge up more bits of junk (I used to ask vendors for sample chips just to complete some of these). Well, I understand that Eaton is not just all transmissions anymore, but I also know that the company is run as if it is still 1920. At least in Austin a talented workforce does not have to look far for an opportunity. TP (Who remembers fondly when Eaton sent him to every silicon spinner in France to reassure the customers).

To: Grand Poobah who wrote (35)	10/12/1998 3:03:00 PM
From: Walter Morton	Respond to of 338

What do you think about FA and ETN merger? Fairchild Fasteners is a leading worldwide manufacturer of highly engineered fastening devices for aerospace and industrial applications. There seems to be a resurgence of the aerospace industry. The Company is the largest aerospace fastener manufacturer in the world. The Fairchild Corporation is a manufacturer and distributor of aerospace components, with additional holdings in semiconductor and optical disc manufacturing equipment and real estate. Perhaps ETN's Engineered Fastener Division and its Semiconductor Equipment Division can find something of value in this acquisition. The Company offers the Falcon Modular Microlithography System for 0.25 micron (65/256 Mbit DRAM) device manufacturing. These are some of the highlights: Earnings per share -- $5.48 Price Earnings Ratio - $2.01 Market Cap. - $215.7 million Projected Five Year Growth - 15% (Eaton is only 10%) Stock Price - $11.0625 Can you believe that low price earnings ratio? Their balance sheet looks good too. semiconductor.eaton.com tinnerman.eaton.com