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Non-Tech : Tyco International Limited (TYC)

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To: rharshman who wrote (3642)5/1/2003 5:41:15 AM
From: Bob Rudd  Read Replies (1) of 3770
 
See the last line: 'Tyco Throws Wall Street a Bone'
thestreet.com
Floyd Norris has a good write up in NYT, nytimes.com
Key takeaways were that Breen was slow to go to the more conservative approach, disclosure was sub-optimal & the shift to quicker amortization turns what would have been future expenses into a current charge [Wall street often ignores current charges, but likes rising future earnings helped by reduced expenses].
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