Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MasonS who wrote (197)	10/14/1999 10:40:00 AM
From: Terrapin	Read Replies (3) \| Respond to of 3770

It all started with David Tice from the Prudent Bear Fund (BEARX). Please see this 5yr chart of BEARX vs the S&P: finance.yahoo.com Here is some information on the fund: biz.yahoo.com And a summary of the fund's performance: biz.yahoo.com Now that we know from where the report originates here is a summary of the report as told in the WSJ and posted to a Netcognizance message board (since I do not have a subscription to WSJ): biocognizance.com The crux of the matter is the use of Pooling during Tyco's mergers & acquisitions. Tice's view is that the charges can be used to inflate earnings. Pooling has been discussed on the Yahoo! thread last year in posts 614, 625, 643, 647, 652, 656, 666, 667, 678, 693. More recently on 4752 and 4769. For more information please see the Financial Accounting Standards Board web site at: rutgers.edu It is worth noting that Tyco's response has been swift and certain. They use a respected accounting firm and analysts have backed them up. It is not my place to give investment advice but I have not been convinced by Tice's argument. Comments welcome. Terrapin