Tyco International Limited (TYC) Message Board

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Non-Tech : Tyco International Limited (TYC)

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To: Tom_ who wrote (1006)	12/10/1999 3:41:00 PM
From: Tom_	Read Replies (1) of 3770

From Lehman's Buy rating... NEW YORK, Dec 10 (Reuters) - Lehman Brothers said Friday it has resumed coverage of Tyco International Ltd. (NYSE:TYC - news), the diversified manufacturer whose accounting practices are under investigation by the Securities and Exchange Commission. -- Resumed coverage with a 'buy' rating. -- Has "solid global franchises and strong platform for growth". -- SEC's inquiry sounds alarming, but may support Tyco's position. -- Set $2.12 EPS estimate for 2000, $2.65 for 2001. -- Solid cash conversion supports accounting and drives shareholder value. Best wishes, Tom

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