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: John who wrote (891)	12/9/1999 12:00:00 PM
From: Brian Malloy	Respond to of 3770

Grabbed a few TYC 35 JAN02 calls. Could be a nice play. Regards,

To: John who wrote (891)	12/9/1999 12:07:00 PM
From: Tom_	Read Replies (1) \| Respond to of 3770

Thanks, John! Merrill: <<We would be buyers particularly on weakness.>> Is this weakness? Best wishes, Tom (truck now loaded)

To: John who wrote (891)	12/9/1999 1:26:00 PM
From: JDN	Respond to of 3770

Dear John: OK, this puts a different spin on things then I just discussed ie regarding pooling concept. To me its now even less serious. I PRESUME they are intimating that companies about to be acquired are setting up reserves for any possible losses going forward and that then these losses do not in fact exist and TYC gets the benefit of the reserve reversing. First off IF IT WERE MATERIAL the cpa firm involved would carefully review the reserve. Now its true CPA's tend to err on the conservative side, but they are not stupid and are not going to allow a clearly overstated reserve to be set up under those circumstances. Secondly, that is a sort of one shot thing. So after the first reversal would not have any effect in the future except that the next periods expenses may be higher then the last due to incomparability. But again, this would most likely be of an inconsequential nature given the size of TYC. JDN