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


To: John who wrote (951)12/9/1999 8:53:00 PM
From: Mang Cheng  Respond to of 3770
 
"S&P Reiterates Buy on Tyco International Shares"

Tyco International (TYC): Reiterate
Analyst: Michael Jaffe
Comments: Shares down sharply after co. reports SEC will
conduct "nonpublic, informal inquiry" relating to charges and
reserves taken in TYC's acquisitions... Controversy has raged
since bearish newsletter alleged in October that TYC's accounting
practices cloud true earnings picture... We felt that TYC's
extensive conference call at that time refuted all allegations...
Seems like very favorable buying opportunity, given excellent
growth prospects for TYC's underwater communications cable,
disposable medical products and home security businesses.

Mang



To: John who wrote (951)12/9/1999 8:54:00 PM
From: dana ingram  Read Replies (1) | Respond to of 3770
 
Thanks John, your saying that this could all be a comedy of errors with TYCO only trying to make itself 100% clean. They call the SEC ask them to verify this, the market goes crazy, and thinks the SEC is coming down on them, and Tice and crew get rich.



To: John who wrote (951)12/10/1999 6:12:00 AM
From: JDN  Read Replies (2) | Respond to of 3770
 
Dear John in Iceland: Here in the USA class action attorneys JUMP into a suit as quickly as possible. That is because those who file first get to lead the case. What that means is THEY get the biggest fees and THEY get to determine how, when etc to settle. This whole situation in general in America is way out of control, there was an attempt to limit it but President Clinton who is buddy buddy with the lawyers lobbying arm stopped it in its tracks. As Lynn and others have said, the ONLY people benefitting are the class action attorneys themselves. They have done a lot of damage to this country IMHO. Hopefully, when we get a Republican President something can be done to rein in these reckless moves. JDN