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


To: LTBH who wrote (1774)3/4/2000 4:04:00 PM
From: Clay Takaya  Read Replies (1) | Respond to of 3770
 
Worm,

Read this post:
Message 13035977

There is more to the piece, but IMO you can't afford to be out of the stock when the filing is made and the road show starts. It is even possible that good SEC news hits before or during this period which would be like pouring gasoline on a blazing fire.

This is why I question the strategy of selling April covered calls right now. It could work out, but you have a month and a half of nail-biting to make the premiums stick.

Clay



To: LTBH who wrote (1774)3/4/2000 8:18:00 PM
From: Richard James  Read Replies (1) | Respond to of 3770
 
Networm/Timely Response:

We do not know that the time to respond has indeed elapsed. The papers may have been improperly served. Someone may given Tyco an extension of time to respond. One party routinely grants the other's request for an extension.

As for any benefits in not responding on time, there may be some in obtaining by motion or request additional time to study the Compliant and determeine how to plead, by answer or demurrer.

Tyco may even take the position that the particular contract is not subject to the jurisdiction of this but a British or other court. Tyco may be in the process of or have already initiating its own Complaint in that court.