Word: levington
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Dates: during 2000-2009
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While Breen's overhaul is improving margins, Tyco is still "a little behind the curve," says Joel Levington, an analyst at Standard & Poor's. He notes that Tyco's recent gains in efficiency had been accomplished by most other industrial manufacturers several years earlier. Once Tyco catches up, it will have to find ways to drive organic growth--increasing revenue by adding customers and developing new products, rather than just finding one-off savings by streamlining business models. Healthcare has already started to do that, but Tyco's other business units have further to climb. Still, a sustained rebound...
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