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

To: Fangorn who wrote (774)	12/2/1999 3:52:00 PM
From: Chuzzlewit	Respond to of 3770

Fangorn, I think the price is very attractive right here. I sold the Jan 47 1/2 puts, which means that if the shares are put to me I will have bought them at $38. If you look at metrics like P/E you will see that TYC is trading at a significant discount to the market multiple. I don't think that $70 is an unreasonable expectation for a year out. What many fail to realize is that TYC is well positioned for growth in telecom along with several other growth areas. TTFN, CTC

To: Fangorn who wrote (774)	12/2/1999 3:57:00 PM
From: Bosco	Read Replies (1) \| Respond to of 3770

Hi Steve - it may be hypothetical, but I think Mr K was attempting to float a trial balloon. Personally, I ve never felt comfortable with tracking stocks unless the capital raised is used expressedly for the subsidiary capital expansion [like PCS] I think people simply make an automatic response with a negative bias whenever TYC tries something new since the Tice debacle. Had the idea been suggested prior to that incident, people probably would have responded like that of MSFT etc. That shows it is an arbitrarily assignment. Just my 2c best, Bosco [still no position!]