Tyco Electronics

Tyco Electronics

Infobox_Company
company_name = Tyco Electronics Ltd
company_type = Public (NYSE|TEL)
company_
foundation = 2007
location = Pembroke Parish, Bermuda
key_people = Tom Lynch, CEO
industry = Electronics
products = Electronics, Electronic Components, Wireless Systems, Networking
homepage = http://www.tycoelectronics.com
eevenue = ca. $13 billion (2007)

Tyco Electronics, formerly a segment of Tyco International Ltd., is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems, and wireless systems for customers in more than 150 countries. The company designs, manufactures and markets products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. On June 29, 2007, Tyco Electronics, along with Covidien, became separate, independently-traded public companies. The new independent company is now known as Tyco Electronics Ltd.

Structure

As a former segment of Tyco International Ltd., Tyco Electronics annually generated almost a third of the total conglomerate's revenue.2004 Annual Report, Tyco International Ltd.]

Through 2008, brands include AMP, AMP NETCONNECT, AUGAT, CROMPTON, DULMISON, ELO TOUCH-SYSTEMS, HARTMAN, LUMAWISE, M/A-COM, MADISON CABLE, NONONICS, OEG, POTTER & BRUMFIELD, PRECISION INTERCONNECT, RAYCHEM, ROCHESTER CABLE, SCHRACK, TRANSPOWER, AND UTILIX, among others.

As an independent company, Tyco Electronics consists of four reporting units (2008):

*Electronic Components
*Network Solutions
*Undersea Telecommunications
*Wireless Systems

History

In April 1999, Tyco International acquired AMP Incorporated. At the same time, Juergen W. Gromer became President of the Tyco Electronics segment. Since 1998 Dr. Gromer had previously been Senior Vice President, Worldwide Sales and Service of AMP Incorporated. Gromer remained with Tyco International as President of the Electronics segment until the end of calendar year 2007. Since 2006, Tom Lynch has been the CEO of Tyco Electronics.

Additionally, on October 1, 1999 Dr. Gromer became Chairman and CEO of Tyco Electronics Logistics AG, a Swiss company that was the European logistics and distribution subsidiary for the Electronics segment of Tyco International. Dr. Gromer was paid his salary and bonus in Euros, with two-thirds attributable to his employment status with Tyco Electronics Logistics AG in Switzerland, and the remaining third for his role as President of the Tyco Electronics segment, while based in his native Germany.

On December 18, 2001 Tyco International completed its amalgamation of TyCom Ltd. as a wholly owned subsidiary, which was then brought under control by the Tyco Electronics segment, and became the Submarine Telecommunications unit.

Following the 2001 recession, during the first quarter of 2002 the Electronics segment recorded a charge of over $2 billion, related to massive overcapacity of fiber optic cable at that time, which in turn affected the in-process buildout of Tyco International's global undersea fiber optic network, known as Tyco Global Network (TGN). The company sold TGN in November 2004.

Also in 2002 the Electronics segment recorded over $1 billion in restructuring charges, over half for inventory write-down and the balance for facility closures that year. The fiber cable overcapacity issue and other corporate problems in the second quarter of 2002 also led to a goodwill impairment of over half of $1 billion in the Electronics segment, related to Tyco Submarine Telecommunications, which Tyco had fully acquired the prior year for the buildout of the underwater TNG. For the full year 2002 the Tyco Electronics segment generated under $11 billion in revenue.

In 2003, revenue declined slightly for the Electronics segment, though it remained over $10 billion. In 2004 the Tyco Electronics segment generated almost $12 billion in revenue, almost a third of the conglomerate total.

In 2006 Thomas J. Lynch was promoted to the newly created position of CEO of the Tyco Electronics segment, a position in which he continued after the company became independent in 2007. Lynch had joined Tyco as President of the Tyco Engineered Products & Services segment in September 2004. He had previously been at Motorola, where he was Executive Vice President, and President and CEO of the Personal Communications Sector since 2002.

References

External links

* [http://www.kilovac.com/ Tyco Electronics Electromechanical, Solid State Relays & Contactors] .
* [http://www.elotouch.com/ Tyco Electronics Elo TouchSystems] .
* [http://www.macom.com/ Tyco Electronics M/A-COM RF and Microwave Components] .
* [http://www.macom-wireless.com/ Tyco Electronics M/A-COM Critical Communications] .


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