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

To: Terrapin who wrote (2904)	2/12/2002 5:51:19 PM
From: Terrapin	Respond to of 3770

Tuesday February 12, 11:12 am Eastern Time Press Release SOURCE: Tyco International Ltd. Tyco to Hold Investor Conference Call PEMBROKE, Bermuda, Feb. 12 /PRNewswire-FirstCall/ -- Tyco International Ltd. (NYSE: TYC, LSE: TYI, BSX: TYC) announced today that it will hold an investor conference call on Wednesday, February 13, 2002 at 1:00 PM (EST). Tyco management will be available to answer any questions investors may have, including any follow-up questions from last week's call. The call can be accessed in three ways: -- At the following website: investors.tycoint.com. A replay of the call will be available through Wednesday, February 20, 2002 at the same website. -- By telephone dial-in with the capability to participate in the question and answer portion of the call. The telephone dial in number for the participants in the United States is: (888) 428-4479. The telephone dial-in number for the participants in International locations is: (612) 288-0318 or (612) 332-1210. Due to capacity limitations on the part of our teleconference service provider, this portion is limited to 1,400 callers. If these lines have reached their limit, investors will need to call the "listen-only" number provided below. -- By telephone dial-in to participate in a "listen-only" mode. The telephone dial-in number for the participants in the United States is: (800) 260-0702. The telephone dial in number for the participants in International locations is: (651) 291-1246 or (651) 291-3810. The participants' code for all callers is: 627541. Investors who do not intend to ask questions should dial this number directly. The replay is scheduled to be available later in the day on February 13, 2002 until 11:59 PM on February 20, 2002. The dial-in numbers for the replay are as follows: Domestic (U.S.) (800) 475-6701. International: (320) 365- 3844. The replay access code for all callers is: 627537. About Tyco International Ltd. Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest designer, manufacturer, installer and servicer of undersea telecommunications systems; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services; and the world's largest manufacturer of specialty valves. Tyco also holds strong leadership positions in disposable medical products, financing and leasing capital, plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2001 revenues in excess of $36 billion. Forward Looking Statements This release and/or the conference call referred to in this release may contain ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. All statements contained in this release or the conference call that are not clearly historical in nature are forward-looking, and the words ``anticipate,'' ``believe,'' ``expect,'' ``estimate,'' ``plan'' and similar expressions are generally intended to identify forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: economic, business, competitive and regulatory factors affecting Tyco's businesses; market conditions for initial public offerings; and regulatory approval requirements for the transactions described in this release; and other factors described in Tyco's Annual Report on Form 10-K for the year ended September 30, 2001. SOURCE: Tyco International Ltd.

To: Terrapin who wrote (2904)	2/13/2002 5:15:34 AM
From: JDN	Read Replies (1) \| Respond to of 3770

I am not that knowledgeable about bonds but when I looked into the TYCO bonds I found that the LOW prices were what you had to sell them for BUT to BUY them there was about a 10point spread, meaning the bond TRADERS were making the big bucks not an opportunity for the individual. ie when the were 85 or so you actually had to pay 95 or so to purchase. Anyone want to shed any light on this? jdn

To: Terrapin who wrote (2904)	2/13/2002 7:21:06 AM
From: GVTucker	Read Replies (2) \| Respond to of 3770

RE: The bonds I wonder about their pricing. I can't find a single bond that is anywhere near the quotes that you show. Looking at the 3rd bond on your list, the 6 3/8s of '04, your price is listed as 97.688. Bloomberg has it at 92.7396 bid/92.7396 offered. Same bid price and offer price, it's pretty liquid there. Looking further out the curve, I picked out the 6 3/8s of '11, bondsonline price of between 90.5 and 91.5. Bloomberg has it at 87.2111 bid/87.2111 offered. Again, obviously real liquid at that price. In both cases the price ralled a bit on Monday from the Friday close and eased off on Tuesday. They're all down substantially from the price just prior to the credit line drawdown. My guess is that they're old offers on bondsonline, but I have no idea. Tyco bonds are very liquid right now, there are a lot of people playing them. But I wouldn't recommend playing that market is you can't buy round lots, which are units of $100,000, then stay away. A trader will most likely give you a bad fill.

To: Terrapin who wrote (2904)	2/13/2002 11:35:51 AM
From: Bob Rudd	Respond to of 3770

Bond quotes aren't nearly as reliable as stock quotes, especially online where the bonds are offered at what the seller would like to get for them. To nail the 'real' price often requires contacting multiple dealers that specialize in bonds. Institutions buying in size typically get better quotes than individuals. Also, with an issue like Tyco, there's usually less of a spread than with less heavily traded issuers. That said, the online quoters can give an indication of movement in the market if not the cutting edge price. One way to get at this is to visit the site regularly and copy 2 or 3 low quotes on the more heavily traded series and put them in a text file for comparison.