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

To: Danny who wrote (568)	11/3/1999 7:19:00 PM
From: Richard James	Read Replies (1) \| Respond to of 3770

<<Commentary : Wrong! Rear Echelon Revelations Tyco's Not a Ham By James J. Cramer 11/3/99 5:06 PM ET Did Tyco (TYC:NYSE) bottom? I can give you a couple of reasons why it may have. One is that so many people thought it would go down to 32, where technically it was supposed to have support, that it was a natural that the stock would never get there. More important, I think this company took a real statesman-like series of measures in reaction to the raids, and the shorts and the bad publicity. To wit: It didn't duck, stonewall or act belligerently. It answered its critics forcefully. It sent a cogent letter to The New York Times. It said it would bring in an academic to vet the books. It said it would no longer do poolings. These were all signs, to me,that it wasn't a "bad actor." The decision today to pay top people in more stock put its interests on par with ours. Again, that's not the kind of things bad guys do. I'm stressing this good-guy scenario because often, in these panics, you need to look into your gut and make a basic decision. All of Tyco's actions seem like those of an innocent, not of a sly Lex Luther type.>>