Business Services Industry

The Wall Street Transcript Publishes Money Manager Comments on American Power Conversion Corp

Business Wire, August 18, 2000

Business Editors

NOTE: This money manager interview is presented with the

aforementioned company's full knowledge and permission.

NEW YORK--(BUSINESS WIRE)--Aug. 18, 2000

Bruce Simon, senior vice president and chief investment officer of Glenmede Trust Co., examines portfolio management strategies in this timely and deeply informative 3,600-word interview from The Wall Street Transcript (212/952-7433) or http://www.twst.com/info/info153.htm.> In a valuable review of investing strategies, Simon explains his approach to managing money and offers specific stock recommendations.

Simon reports: "In a growth-with-income kind of account, we're at 60% stocks, 35% bonds, 5% cash. The last change we made was probably about a year ago when we upgraded stocks from underweight to neutral. As far as sector allocations, which we also manage through that process, we were overweight technology all of last year, and that served us well. We had good performance. We went to neutral at the beginning of this year, and we've been overweight energy since about, I guess, September of last year."

Simon highlights American Power Conversion (Nasdaq:APCC).

"That is a company that provides uninterruptible power supplies to desktop computers and, increasingly, to data centers and networks. The theme behind the stock is that with corporations becoming increasingly more reliant upon clean, uninterrupted steady power to drive their network operations and their Web-based businesses, there will be an increasing need for power to be available 24 hours a day at very clean levels," he reports.

To obtain this insightful 3,600-word report, call 212/952-7433 or see http://www.twst.com/info/info153.htm.> The Wall Street Transcript is a premier weekly investment publication interviewing market professionals for serious investors for more than 37 years.

The Wall Street Transcript has launched a new free service where investors can ask the above company (or any public company) a question at http://www.qawire.com.

The Wall Street Transcript does not endorse the views of any interviewee nor does it make stock recommendations.