Should the valuation disconnect persist, we are prepared to take additional actions to address this
Ed Breen
We now believe that we have identified all, or nearly all, of the remaining (accounting) issues.
issues
We are committed to changing the culture of the company to be more conservative
culture changing company conservative
Our organic revenue growth was 2% in the quarter, which was a bit stronger than expected in Fire and Security but weaker in Healthcare, primarily due to the challenges we are facing in our retail business. Electronics continued to grow at the 3% pace we had anticipated
growth business security challenges fire grow organic healthcare
For the past six months we have been putting plans in place to accelerate restructuring actions to address our high-cost footprint and we are now ready to implement those plans
plans past actions place ready
Our balance sheet and cash flows are strong and many legacy financial and legal issues have been resolved. After a thorough review of strategic options with our board of directors, we have determined that separating into three independent companies is the best approach to enable these businesses to achieve their full potential.
legal potential determined independent balance strong achieve issues legacy strategic cash options
After a thorough review of strategic options with our board of directors, we have determined that separating into three independent companies is the best approach to enable these businesses to achieve their full potential.
potential determined independent achieve strategic options
actions
We believe that Tyco's shares are undervalued and.. We have been an active purchaser of our equity
equity active
We are very good at doing design and living next door to our customer. We've been moving with them. It's the reason we've got 30,000 Tyco electronics employees right now in China in 21 locations.
door design living reason good moving china
In the past several years, Tyco has come a long way.
past
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