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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: Jazz102 who wrote (170)	8/17/1999 4:13:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 3770

Tuesday August 17, 10:56 am Eastern Time RESEARCH ALERT-Tyco income estimates raised NEW YORK, Aug 17 (Reuters) - Lehman Brothers on Tuesday said it raised its fiscal 2000 EPS estimate for Tyco International to $4 from $3.85. --Lehman also raised its fiscal 2001 EPS estimate to $4.80 from $4.75. -- Tyco completed the purchase of Raychem on Aug. 12. The company had previously suggested EPS accretion from Raychem of $0.13 in 2000 and $0.19 in 2001. -- "Our FY01 estimate very conservatively assumes the low end of Tyco International's internal EPS growth rate of 20-25 percent." -- "We expect more accretive acquisitions and continued healthy internal top line growth to continue to propel EPS forward at an accelerated rate. There appears to be a very full acquisition pipeline at the moment." -- Its estimate for fiscal 1999 EPS is unchanged at $3.02. -- Tyco's "fundamentals remain the best of any company in our universe and the strongest yet for Tyco International." -- Shares of Tyco were trading up $1-13/16 at $104 on Tuesday morning on the New York Stock Exchange.