On 15 June 2009, Tyco Electronics Ltd. (Tyco Electronics) revised its outlook for 3Q 09 upward. The company now expect to post 3Q 09 revenues and earnings above its previous guidance, reflecting the marginal recovery in consumer end markets and increased project revenues in the Undersea Telecommunication segment. In light of this, we are likely to revise our estimates and target price upward, going forward....

On 16 April 2009, Tyco Electronics Ltd. (Tyco Electronics) entered into a definitive agreement to sell its Wireless Systems business, as a part of its restructuring program to sell non-core businesses. Furthermore, the company announced its preliminary results for 2Q 09 with revenues in-line with our estimate. However, the company’s adjusted operating income was below our estimate. In light of this, we believe the…

Tyco Electronics’ 1Q 09 revenues were negatively impacted by weak performances from its Electronic Component segment, which contributes approximately 70% to the company’s total revenues. The segment’s revenues declined significantly due to weak end markets of automotive, personal computers, mobile phones and other consumer electronic products. The company’s revenues from the automotive market declined 35% y-o-y in 1Q 09…