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Tyco Holds Analyst Meeting For Electronics Segment
Juergen Gromer, President of Tyco Electronics, will lead a comprehensive set of presentations by the segment's senior executives. With FY 2003 revenues of $10.4 billion, Tyco Electronics is the world's leading producer of passive electronic components. Tyco believes this business segment is well-positioned to achieve sustained growth and improved profitability over the long-term by expanding its technology leadership, building market share in high-growth markets, executing on significant Operational Excellence opportunities to improve productivity, and leveraging an improving economy.
Tyco is also reaffirming its guidance for the first quarter and full fiscal 2004. For the first quarter of fiscal 2004, the Company expects to achieve earnings per share of $0.30-$0.32, and in fiscal 2004 Tyco expects to achieve earnings per share of $1.42 to $1.52. This outlook excludes any impact from previously announced restructuring and divestiture programs.
EPS excluding charges is a non-GAAP measure and it should not be considered a replacement for GAAP results. The Company has forecast its results excluding restructuring and divestiture charges to give investors additional perspective on the underlying business results. Because the Company cannot predict when the divestitures will occur and the associated charges or gains will be taken, it is difficult to accurately include the impact of those items in the forecast.
A web cast of the investor meeting, along with the supporting presentation materials, is available on the Company's website at http://investors.tyco.com/medialist.cfm. A replay of the web cast and the supporting presentation materials will be available until January 10, 2004 at the same website.
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, plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion.