LYCOS RETRIEVER 
Thomas Betts: Thomas Betts Corporation
built 203 days ago
Thomas & Betts Corporation (Thomas & Betts), incorporated in 1917, is a designer and manufacturer of electrical components used in industrial, commercial, communications and utility markets. Thomas & Betts ... produces highly engineered steel structures, used primarily for utility transmission, and commercial heating units. It has operations in approximately 20 countries. Manufacturing, marketing and sales activities are concentrated primarily in North America and Europe. Thomas & Betts sells its products through three channels: electrical, telephone, cable, heating, ventilation and air-conditioning distributors; directly to original equipment manufacturers, utilities and certain end users, and mass merchandisers, catalog merchandisers and home improvement centers. It classifies its products into three business segments: Electrical, Steel Structures and Heating Ventilation and Air Conditioning (HVAC).
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PRODUCT: Emergency Exit Signs - Thomas & Betts Corporation of Memphis, TN, is voluntarily recalling about 31,000 emergency exit signs. The recalled exit signs were sold under the Lightalarms, Emergi-Lite, and Dynaray brand names and can be installed in either 120-volt or 277-volt applications. Only signs wit h a red LED and installed in 277-volt applications need to be repaired. These emergency exit signs could be installed in public buildings such as schools, offices and shopping centers to mark an exit in the event of a power failure and loss of lighting. They have a white or black plastic housing and are 13 1/2- inches long, 8 3/8-inches high and 2 7/8-inches deep. Recalled units have a raised bead around the edge of the front face and a rectangular rocker switch on the bottom.
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Thomas & Betts Corp has a current Overall Rating of B (Positive). Appreciation potential (72) is high; Power Rating (62) is high. Relative to the S&P 500 Composite, Thomas & Betts Corporation has moderate Growth characteristics -- its appeal is likely to be to Capital Gain-oriented investors. TNB is of very low investment quality. Current annual total return performance of 44.0% is upper quartile. Current 5-year total return performance of -9.6% is lower quartile.
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On April 1, 2003, the Commission filed a settled accounting case in the United States District Court for the District of Columbia against Thomas & Betts Corporation ("T&B"), a publicly-traded electrical components manufacturer headquartered in Memphis, Tennessee, and three individuals. The individual defendants are Neil W. Parker, former President of T&B's Electrical Components Group, Robin B. Gregersen, former Vice President and Controller of T&B's Electrical Components Group, and Robert C. Calhoun, former Vice President of T&B's National Accounts Sales Group and current Vice President of T&B's Distributor Marketing. The Commission charged Parker and Gregersen with violating the anti-fraud provisions of the Securities Exchange Act of 1934 (the "Exchange Act") and the Commission's rules thereunder, and charged all of the defendants with violating, or aiding and abetting violations of, the reporting, books-and-records, and internal controls provisions of the Exchange Act and the Commission's rules thereunder.
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Thomas Betts Corporation