Technology Stocks | Eaton (ETN) is definitely not overvalued!


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To: Cola Can who wrote (245)1/24/2000 10:24:00 AM
From: Walter Morton   of 334
 
Income for the full year reached $439 million before all unusual items, or $5.95 per share...

After non-recurring items in both periods, earnings reached $8.36 per share in 1999...

There was a $340 gain on the sell of the business.

biz.yahoo.com 

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To: rocket rider who wrote (227)1/24/2000 11:18:00 AM
From: Walter Morton   of 334
 
Was one penny over the average estimate just not enough?

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To: Walter Morton who wrote (262)1/24/2000 1:26:00 PM
From: go4it   of 334
 
Oh I think it can go a little higher than +$2 :)

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To: rocket rider who wrote (227)2/4/2000 2:27:00 PM
From: Walter Morton   of 334
 
ETN filed an 8-K on 2/3/2000.

On February 2, 2000, Eaton Corporation (the "Company") entered into a
Distribution Agreement(the "Distribution Agreement") with Goldman, Sachs & Co.,
Chase Securities Inc., J.P. Morgan Securities Inc. and Salomon Smith Barney
Inc.(the "Agents"). Pursuant to the Distribution Agreement, the Company has
appointed each Agent as an agent of the Company for the purpose of soliciting
and receiving offers to purchase up to $800,000,000 of the Company's medium-term
notes, subject to the terms and conditions set forth in the Distribution
Agreement. In addition, under the Distribution Agreement, the Company has the
right to sell medium-term notes directly on its own behalf, and the Company may
determine to sell medium-term notes directly to an Agent as principal.

The medium-term notes are registered pursuant to a Registration
Statement on Form S-3 (File No. 333-74355), filed by the Company with the
Securities and Exchange Commission ("Commission") on March 12, 1999, and made
effective on May 26, 1999. Information concerning the medium-term notes and
related matters is set forth in the Prospectus dated November 10, 1999 and the
Prospectus Supplement dated February 2, 2000 filed with the Commission pursuant
to Rule 424(b) under the Securities Act of 1933 on February 3, 2000.

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To: Cola Can who wrote (245)2/4/2000 2:33:00 PM
From: Walter Morton   of 334
 
ETN needs another $1.6 Billion in sales and about $160 Million in net profits (without any extrordinary items like sells of businesses) by the end of 2000 to meet its goals.

Can ETN do it?

Will that be enought to make the stock price go up to $125?

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To: DSPetry who wrote (219)2/4/2000 2:42:00 PM
From: Walter Morton   of 334
 
Is Intel an ETN customer?

If so, maybe ETN can provide them with some new machines for their new $1.5 Billion deal with Ericsson:

Computer chip giant Intel has landed a deal to sell more than $1 billion in flash memory chips to cellular phone maker Ericsson over the next three years, the companies said today.

In addition, the companies will team to develop flash products capable of storing code and data such as Web pages, email, voice and music. The agreement helps Ericsson develop new products that support content and services made possible by future networks, which will combine voice and Internet capabilities into wireless handheld devices

Though they wouldn't give a specific amount, an Ericsson representative said the deal is worth approximately $1.5 billion.

Unlike standard memory, flash chips store data even when a phone or computer is turned off, and are used in products such as portable computers, voice recorders, digital still cameras and digital telephone answering machines as well as cellular phones and other data communication devices.

The move marks one of Intel's first pushes into the wireless market. With competition heating up in the PC processor world--and wireless all the rage on Wall Street--Intel recently announced the formation of a group dedicated to wireless and cellular communications.

yahoo.cnet.com 

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To: TigerPaw who wrote (160)2/9/2000 1:48:00 PM
From: Walter Morton   of 334
 
The first system is scheduled to ship in March 2000. The Most Flexible and Productive Implant Tool Available for Advanced IC Manufacturing:

biz.yahoo.com 

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To: TigerPaw who wrote (160)2/11/2000 11:02:00 AM
From: Walter Morton   of 334
 
Can ETN go up nearly 100% in less than one year?

Today the stock price is $63 and ETN's CEO promised to get the price up to $125 by 2000.

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To: Walter Morton who wrote (270)2/11/2000 11:22:00 AM
From: go4it   of 334
 
Walter,
Yes the stock could double in a year but it would be irresponsible for any CEO to promise any kind of stock price. Perhaps once this CEO retires this year the price will double.

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To: go4it who wrote (271)2/11/2000 11:49:00 AM
From: Walter Morton   of 334
 
Well he (Steve Hardis) did promise stock price, earnings per share, and revenue levels for 2000.

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