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

To: Z Analyzer who wrote (3218)	4/27/2002 3:30:33 PM
From: rich evans	Read Replies (1) \| Respond to of 3770

Z, I agree. I have never seen such crap as that on TYCO. CIT sale will be a profit. They paid 2.5 bill in cash and 130 mill shares. They will be buying back the shares at present price of 20 or 2.6 bill and it will be sold or IPOed for 6.5 or more. They have 6 Bill or so debt due in next 12 months but some can be converted to stock. So they have plenty of cashflow to pay plus the CIT proceeds plus rolling over some. They marketchannel their security services partly by buying service contracts from dealers. So naturally they have intangibles on the books. But they get paid for these 10 year service deals overtime and usually get a renewal so the Barron's article this week is pure junk. They bought three companies I owned very cheaply-Praetitzer in boards, Raychem is connectors, Keystone in valves and made good money after improving their costs. They turned LU power supply into profit in 6 months. The TYCOM writedone of intangibles wasn't real. Only a book entry to help taxes. They have the best network out there with QOS. And with the rest of the subsea networks bankrupt they are the go to guy. They are virtually done here from CAPEX and have the installation/maintenance business to keep it improving and sell to others. With bandwith growing 60-80% a year this will be a winner eventually especially since subsea is the chokepoint in the network. I could go on and on but you get the point. This is a very solvent company- making good profits and cashflow. When telecom and electronics get back to normal the profits will be terrific with the PCB leverage etc. This stock is the best buy out their IMO opinion from a safety, growth and price standpoint.Regards, Rich