NEW YORK (Standard&Poor's) Aug. 3, 2004--Tyco International Ltd. (BBB/Positive/A-2) announced today that it had: --Net income from operations of $923 million in the fiscal third quarter ended June 30, 2004, compared to $567 million in the year-earlier period. --Cash flow from operations of $1.1 billion in the quarter (approximately $1.8 billion excluding voluntary pension contributions and the retirement of outstanding account receivable securitizations), and --Reduced debt by $631 million on a gross basis and $1.5 billion on a net debt basis. Standard&Poor's Ratings Services said that these facts have no immediate impact on its ratings or outlook on the Pembroke, Bermuda-based diversified manufacturer. In aggregate, the financial results for the June 2004 quarter are considered favorable
