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Non-Tech : Tyco International Limited (TYC)
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To: John who wrote (878)12/9/1999 11:14:00 AM
From: JDN   of 3770
 
Dear John: Thinking, thinking,..... First off no one is going to have any action against this Tice fellow. He does not work for US he works for HIS Firm. Now if it turns out he is an idiot he likely will be fired for the embarassment he caused his firm. If he is right he is a hero and gets some kind of promotion. Thats it for Tice.
As to the SEC, unfortunately they are not known as Speed Demons. TYC is a very complicated company and quite large. Unless it is one specific thing, which I do not believe it is, it may take several months for this to be resolved. But the company had no alternative. They MUST get this settled to open up the stock to climb to and above its previous highs.
Finally, lets assume the worst, something is just not quite right with their accounting. SO WHAT!! Unless the Revenues and Assets are false, which I seriously doubt, thats HISTORY. Stocks should be priced on their future potential. I cant see ANYTHING that would change what we know about TYC going forward, can ANYONE??
Those of us that were fortunate to get in this morning have a really nice ride ahead IMHO, those of you already in IMHO would be very foolish to sell at these prices. You may be underwater for awhile but as I believe MANG said, in the end you will prevail. JDN
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