William Blair & Company Initiates Coverage of C&D Technologies, Inc. With Long-term Buy Rating

Apr 11, 2001, 01:00 ET from William Blair & Company, L.L.C.

    CHICAGO, April 11 /PRNewswire/ -- William Blair & Company today announced
 that it initiated research coverage of C&D Technologies, Inc. (CHP $30.14), a
 leading producer and marketer of technically advanced systems for the
 conversion and storage of electrical power, with a Long-term Buy rating.
     "C&D is the largest manufacturer of industrial lead-acid batteries, with
 an estimated 40% market share," noted analyst Jeffrey S. Germanotta.  "The
 company possesses several competitive advantages.  It is the only
 reserve-power competitor offering an integrated battery/electronics solution
 and its proprietary materials and processes result in batteries with longer
 lives under extreme conditions."
     "In addition, C&D possesses turnkey design, engineering, and manufacturing
 services and has a reputation for superior service," he said.
     Germanotta estimated that C&D would earn $2.38 per share in fiscal 2002
 and $2.84 per share in fiscal 2003.  "Long-term growth drivers for the company
 include the digital economy's need for more reliable, high-quality electric
 power and double-digit growth in key markets such as communications,
 uninterruptible power supplies, CATV/broadband, and office and industrial
 systems," he added.  "Expansion of production capacity, product lines,
 geographic coverage, and acquisitions also should contribute to further
 growth."
     Additional information is available upon request.
 
     William Blair & Company, L.L.C. is an independent investment firm offering
 investment banking, equity research, institutional and private brokerage,
 asset management and private capital to individual, institutional and issuing
 clients.  Since 1935, the Chicago-based firm has been dedicated to helping its
 clients achieve their financial objectives by providing quality products and
 services.  Located in Chicago, Hartford, London, New York, San Francisco,
 Tokyo, Vaduz, and Zurich, William Blair & Company is entrusted with more than
 $22 billion in client assets.  For more information, please visit
 www.williamblair.com .
 
     William Blair & Company, L.L.C. is a member of the National Association of
 Securities Dealers, CRD number 1252.
 
 

SOURCE William Blair & Company, L.L.C.
    CHICAGO, April 11 /PRNewswire/ -- William Blair & Company today announced
 that it initiated research coverage of C&D Technologies, Inc. (CHP $30.14), a
 leading producer and marketer of technically advanced systems for the
 conversion and storage of electrical power, with a Long-term Buy rating.
     "C&D is the largest manufacturer of industrial lead-acid batteries, with
 an estimated 40% market share," noted analyst Jeffrey S. Germanotta.  "The
 company possesses several competitive advantages.  It is the only
 reserve-power competitor offering an integrated battery/electronics solution
 and its proprietary materials and processes result in batteries with longer
 lives under extreme conditions."
     "In addition, C&D possesses turnkey design, engineering, and manufacturing
 services and has a reputation for superior service," he said.
     Germanotta estimated that C&D would earn $2.38 per share in fiscal 2002
 and $2.84 per share in fiscal 2003.  "Long-term growth drivers for the company
 include the digital economy's need for more reliable, high-quality electric
 power and double-digit growth in key markets such as communications,
 uninterruptible power supplies, CATV/broadband, and office and industrial
 systems," he added.  "Expansion of production capacity, product lines,
 geographic coverage, and acquisitions also should contribute to further
 growth."
     Additional information is available upon request.
 
     William Blair & Company, L.L.C. is an independent investment firm offering
 investment banking, equity research, institutional and private brokerage,
 asset management and private capital to individual, institutional and issuing
 clients.  Since 1935, the Chicago-based firm has been dedicated to helping its
 clients achieve their financial objectives by providing quality products and
 services.  Located in Chicago, Hartford, London, New York, San Francisco,
 Tokyo, Vaduz, and Zurich, William Blair & Company is entrusted with more than
 $22 billion in client assets.  For more information, please visit
 www.williamblair.com .
 
     William Blair & Company, L.L.C. is a member of the National Association of
 Securities Dealers, CRD number 1252.
 
 SOURCE  William Blair & Company, L.L.C.