Tyco Fraud
...laboratory to do experimental work for the government. He incorporated the business as Tyco Laboratories in 1962, and changed its focus to high-tech materials science and energy conversion products for the commercial sector. In September 1964, the Company went public, and in 1965 it began to acquire other companies to fill gaps in its development and distribution network. As a result, Tyco's thrust changed to manufacturing industrial products.
Today, Tyco is a model of sophisticated and innovative manufacturing and service employing 250,000 employees worldwide. Each of Tyco's core businesses holds a leadership position in its specific market.
1960
Tyco, Inc. is formed as an investment and holding company in Waltham, Massachusetts. The two primary holdings are Tyco Semiconductor and the Materials Research Laboratory, which studies materials and devices with applications in the fields of solid state sciences and energy conversion.
1962
The Materials Research Laboratory and Tyco Semiconductor are merged. The business is supported by U.S. government research contracts. But soon, management recognizes the commercial applications of its work and Tyco begins to search for acquisitions to develop product, manufacturing and marketing capabilities.
1964
Tyco becomes a publicly owned company.
1965
Mule Battery Products is Tyco's first acquisition. Tyco Inc. changes its name to Tyco Laboratories.
1968
By this time, Tyco has acquired sixteen companies, including North American Printed Circuits, one of six companies that would later form Tyco's Printed Circuit Group.
1973-1982: Growth through Acquisitions
In 1973, consolidated sales and stockholder equity reached $34 million and $15 million, respectively. The next year, Tyco's stock was listed on the New York Stock Exchange. By 1982, Tyco had become a much bigger and more diverse corporation with sales...
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