I thought I'd cheer up the TYC longs a bit with this excerpt from Tyco's 10-K:
BACKLOG
At September 30, 1999, the Company had a backlog of unfilled orders of
approximately $7,581.1 million, compared to a backlog of approximately
$5,118.2 million as of September 30, 1998. The Company expects that
approximately 79 percent of its backlog at September 30, 1999 will be filled
during the year ending September 30, 2000.
11
Backlog by industry segment is as follows (in millions):
SEPTEMBER 30, SEPTEMBER 30,
1999 1998
------------- -------------
Telecommunications and Electronics................. $4,974.5 $2,951.1
Flow Control Products.............................. 1,516.5 1,129.2
Fire and Security Services......................... 986.6 965.4
Healthcare and Specialty Products.................. 103.5 72.5
-------- --------
$7,581.1 $5,118.2
======== ========
Backlog increased in each of the Company's business segments. Within the
Telecommunications and Electronics segment, backlog increased principally due to
contracts awarded to TSSL due to continually increasing demands for undersea
fiber optic cable capacity. Within the Flow Control Products segment, backlog
increased principally due to an increase in backlog at Earth Tech related to its
water and wastewater facilities contracts. Within the Fire and Security Services
segment, backlog increased principally due to an increase in backlog at the
Company's worldwide security and European fire protection businesses. Within the
Healthcare and Specialty Products segment, the increase resulted principally
from an increase in demand for the products sold by Tyco Plastics and Adhesives. |
