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

To: GVTucker who wrote (2842)2/8/2002 1:50:28 PM
From: Clay Takaya  Respond to of 3770
 
GV,
As I recall, TYC only spun off 20% of TCM. If the company died, then TYC still stood to lose quite a bit.

The other thing about TCM that I recall (and I could be wrong here) is that it was originally purchased from LU for 700M. Then it was IPO's 20% for a whopping 1.6B. Then the 20% was bought back for something like 700M again. Basically, TYC has gotten the company for free.

Furthermore, it would be a major fallacy to conclude that because the underseas fiber laying/owning business sucks right now that it will always suck. If this softness can be ridden out, eventually this could be a huge winner. It is fascinating to see the exact proportion of gloom and doom in opposition to the "irrational exuberance" of 1999. I didn't/don't buy into either camp.

Clay



To: GVTucker who wrote (2842)2/9/2002 8:28:42 AM
From: Tatnic  Respond to of 3770
 
Good post IMO....from a fundamental standpoint.



To: GVTucker who wrote (2842)2/9/2002 10:32:53 AM
From: blankmind  Respond to of 3770
 
- has Tyco lost any money on CIT? As he said it was wrong to take on the added debt; pay the bonus fees; etc... but where did he say they've lost money on the deal?


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