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To: IQBAL LATIF who wrote (30716)2/14/2000 9:52:00 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
1402 resistance initially and 1392 is the support with 1382 as the important area, 1408 interim resistance if we go through it we have chance of seeing 1428-- if we fail their we will certainly test 1392 and 1382.. the major gap is the 1342-48 area, on DOW 10550 rebound off 700 on bkx may give intial buying signal.. 4025 break on the upside would see some sharp buying whereas 3965 will lead to steep sell off..to 3920.. area.. fwiw



To: IQBAL LATIF who wrote (30716)2/14/2000 9:57:00 AM
From: IQBAL LATIF  Respond to of 50167
 
This week's Company of the Week is Tyco International Ltd. (NYSE: TYC $39.625), a diversified manufacturing and service company. TYC designs and makes electrical and electronic components and undersea telecommunications systems and is the world's largest manufacturer, installer and provider of fire protection systems and electronic security systems. The company is also a leader in disposable medical products, plastics and adhesives and is the largest manufacturer of flow control valves in the world.
Tyco's stock is followed by some 23 sell-side analysts, all of whom have the stock rated "buy." But the stock, 26% off its closing high of $53.25 on October 8, 1999, hasn't cooperated, though it is up 40% from its intraday low of $28.25 last December 9.

Tyco's five year earnings growth rate of 37% has been aided by a spate of acquisitions. Early on, management set financial criteria for acquisitions that appear to have worked: (1) Post-acquisition results will have an immediate positive impact on earnings; (2) Opportunities to enhance operating profits must be substantial; (3) All acquisitions must be non-dilutive to shareholders. They have worked so well, if fact, that some (at least one) analysts question whether the company's financial reporting is all it should be, and TYC's accounting is under investigation by the Securities and Exchange Commission.