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

To: Cola Can who wrote (124)	2/3/1999 12:47:00 PM
From: Walter Morton	Respond to of 338

I use to work at WHQ, Athens, AL, and Marshall, MI. The division names were Appliance Controls and Torque Controls.

To: Cola Can who wrote (124)	3/26/1999 7:56:00 AM
From: Walter Morton	Respond to of 338

While we are losing $280 million in sales due to the divestiture, we are also losing about $250 million of expenses. Once ETN starts to eliminate the employees that become redundant as a result of the Aeroquip-Vickers, Inc. purchase, I believe ETN can regain the $30 million in profits lost as a result of the sale of its two divisions. This is where it will come from: Law Department, Corporate Accounting Department, Patents Department, Research & Development staffs, some internal auditors, external auditor fees, some executives, some plants, etc.