TYCO INTERNATIONAL LTD. (SWITZERLAND) Reports Operating Results (10-K)

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Nov 12, 2010
TYCO INTERNATIONAL LTD. (SWITZERLAND) (TYC, Financial) filed Annual Report for the period ended 2010-09-24.

Tyco International Ltd. (switzerland) has a market cap of $19.41 billion; its shares were traded at around $38.99 with a P/E ratio of 15.2 and P/S ratio of 1.1. The dividend yield of Tyco International Ltd. (switzerland) stocks is 2.1%.TYC is in the portfolios of Andreas Halvorsen of Viking Global Investors LP, Wallace Weitz of Weitz Wallace R & Co, Lee Ainslie of Maverick Capital, Bill Nygren of Oak Mark Fund, Larry Robbins of Glenview Capital, David Williams of Columbia Value and Restructuring Fund, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Dodge & Cox, Chris Davis of Davis Selected Advisers, Michael Price of MFP Investors LLC, Mario Gabelli of GAMCO Investors, Bruce Kovner of Caxton Associates, John Rogers of ARIEL CAPITAL MANAGEMENT LLC, Donald Yacktman of Yacktman Asset Management Co., Paul Tudor Jones of The Tudor Group, John Keeley of Keeley Fund Management, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors, Manning & Napier Advisors, Inc, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

world. We are one of the world's largest providers of electronic security systems and services. We have a significant market presence in North and South America, Europe and the Asia-Pacific region. With 2010 net revenue of $7.4 billion, our ADT Worldwide segment comprises 44% of our consolidated net revenue. In 2009 and 2008, net revenue totaled $7.1 billion, or 42%, of our consolidated net revenue and $7.8 billion, or 39%, of our consolidated net revenue, respectively.

Our Flow Control segment designs, manufactures, sells and services valves, pipes, fittings, valve automation and heat tracing products for general process, energy and mining markets as well as the water and wastewater market. We believe we are the world's leading manufacturer of flow control products. With 2010 net revenue of $3.4 billion, our Flow Control segment comprises 20% of our consolidated net revenue. In 2009 and 2008, net revenue totaled $3.5 billion, or 21%, of our consolidated net revenue and $3.9 billion, or 20%, of our consolidated net revenue, respectively. Flow Control is a global business with 30% of its sales in Europe, Middle East and Africa ("EMEA"), 29% from the Americas, 26% from the Pacific region and 15% from Asia. During the third quarter of 2010, our Board of Directors approved a plan to sell our water business in Europe. This business met the held for sale and discontinued operations criteria and has been included in discontinued operations for all periods presented. The sale of this business closed on September 30, 2010.

Our Fire Protection Services segment designs, sells, installs and services fire detection and fire suppression systems for commercial enterprises, governmental entities, airports, commercial shipping companies, transportation systems, healthcare owners, petrochemical facilities and homeowners. We believe we are one of the largest providers of these systems and services. With 2010 net revenue of $3.3 billion, our Fire Protection Services segment comprises 19% of our consolidated net revenue. In 2009 and 2008, net revenue totaled $3.4 billion, or 20%, of our consolidated net revenue and $3.8 billion, or 19%, of our consolidated net revenue, respectively.

totaled $1.4 billion, or 8%, of our consolidated net revenue and $2.3 billion, or 12%, of our consolidated net revenue, respectively.

The majority of the products manufactured by Electrical and Metal Products are used by trade contractors in the construction and modernization of non-residential structures such as commercial office buildings, institutional facilities, manufacturing plants and warehouses, shopping centers and multi-family dwellings. Nearly 95% of these products are sold through wholesale distribution to trade contractors; the remaining 5% are sold to smaller contractors and homeowners through big-box home improvement retailers. Distribution-based sales account for 75% of the total revenue for the Electrical and Metal Products segment.

Our Safety Products segment designs, manufactures and sells fire suppression, electronic security and life safety products, including fire suppression products, breathing apparatus, intrusion, security, access control and video management systems. In addition, Safety Products manufactures products installed and serviced by ADT Worldwide and Fire Protection Services. With 2010 net revenue of $1.5 billion, our Safety Products segment comprises 9% of our consolidated net revenue. In 2009 and 2008, net revenue totaled $1.5 billion, or 9%, of our consolidated net revenue and $1.9 billion, or 10%, of our consolidated net revenue, respectively.

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