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

To: Fangorn who wrote (620)	11/11/1999 10:46:00 AM
From: luther yow	Read Replies (1) \| Respond to of 3770

You are correct, the stock instead of pay must be in stock so that the IRS can keep track for tax. They tend to frown on this type of transaction if you don't take at least 75K in salary. At least that is the way they treated me. Luther

To: Fangorn who wrote (620)	11/11/1999 11:11:00 AM
From: Tatnic	Read Replies (2) \| Respond to of 3770

Sorry...got a little carried away with the Moody's news <g>. The point I was trying to make is that its one thing to receive stock and/or options as pay and another thing to buy stock with your own money. In the second case its a vote of confidence in the company, in my opinion. The fact that they are taking stock as pay makes me think its either a public relations ploy or they have no choice. But then I have never trusted the management so I am biased--I believe the Moody's downgrade is a warning not to be ignored. You can argue all you want to about what was downgraded, but the reality is that management was downgraded. If I'm wrong the stock price will be pushing 50 instead of the 30's.