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Non-Tech : Tyco International Limited (TYC)
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To: Charles W. Breaux, Jr. who wrote (3615)1/2/2003 12:59:59 PM
From: Tatnic  Read Replies (1) of 3770
 
>>The report said 25 lawyers spent more than 15,000 hours and 100 accountants spent 50,000 hours on the investigation between August and December.<<

Where will they bury this 8 figure expense? Yet another in the long line of right-offs, with many more to come I'm sure. They aren't running a business as much as managing PR. But to their credit, they have stabilized the stock price for now. Even if they were "clean" and not looked at as a high-paced, acquisition type growth company, which they are not, they're "clean" numbers are that of a stodgy industrial with a single digit or low double digit PE (realistically, that's where they should trade). And its most likely gonna be a few years before they have any real earnings and therefore treated with any respect. Breen will give up long before that is my guess.
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