Analyst: TTM could buy Tyco's PCB shops.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , CA -- A Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. analyst gave further credence to reports that TTM Technologies may be looking to purchase at least some of Tyco's printed circuit board operations. According to a report in Forbes, Bear Stearns said it expects TTM TTM Trailing 12 months. Often used with Earnings Per Share. to apply its cash of $90.5 million to support future acquisitions, which "may include Tyco's military and aerospace board plants," the report said, indirectly quoting the analyst. Tyco is the largest supplier of PCBs to the U.S. military. Its 2005 PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. sales were an estimated $474 million. The suggestion of a possible acquisition was made by Circuits Assembly in February. Separately, TTM reported March revenue of $73 million, topping estimates. The PCB company guided for June revenue of $73 million to $77 million. "We still sense that this guidance is conservative," Bear Stearns said. |
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