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To: Jenne who wrote (25020)	7/6/1999 8:38:00 PM
From: Walcalla	Respond to of 41369

OTOTOT (but internet related) I am not hyping this stock, just found it interesting. Tyco's backbone: the Internet By Jeff Clabaugh, CBS MarketWatch Last Update: 12:33 PM ET Jul 2, 1999 NewsWatch Sometimes there's a wolf in sheep's clothing. Tyco International is a rather unsexy sounding manufacturing company that makes things like disposable medical supplies and electrical components. Sounds like a far cry from the sexy world of the Internet. But as it would happen, Tyco (TYC: news, msgs) is very important to the flow of traffic on the information super highway. Tyco plays a leading role in the market for undersea cables, and analysts estimate that 70 percent of undersea cable traffic is Internet-related. Today on CBS MarketWatch Record rally wilts Oil hits $20, slips back AOL inks deals with Drkoop.com, AutoWeb Acampora runs with the bulls StockWatch: Read the book on day trading More top stories... CBS MarketWatch Columns Updated: 7/6/99 4:49:50 PM ET An InvesTools advisory lays out the Tyco secret. Writer John Brobst says Tyco currently owns 45 percent of the $12 billion undersea cable market and management expects sales to grow at least 20 percent this year. Tyco currently has more than $4.5 billion in orders, $3 billion of which has been booked in the last 10 weeks. And it's adding to its holdings. Tyco just bought 25 percent of Telefonica, Spain's top telecom provider, and the agreement lets Tyco lease space on cables running between Latin America and the United States. Brobst quotes investment newsletter watcher Gregory Spear as saying there is lots of investor interest in Tyco these days. It's number 8 on Spear's list of stocks tracked by at least two of his selected advisors and he says the stock continues to perform well. Now hovering around 100, Tyco stock was just 13 in 1995. Its EPS has been growing at an equally impressive rate and the forecasts call for that growth to continue. Read the full story