TyCom s backlog of third party sales is stronger than we had anticipated, and the build-out of the TyCom Global Network is ahead of schedule. While the Electronics segment will continue to be impacted by weakness in certain of its end-markets, we believe that the diversity of our offerings in this area leaves us better prepared to weather the current environment and we see continued opportunities to improve manufacturing efficiencies. Finally, we look forward to the positive impact of recent acquisitions. We have successfully integrated the Mallinckrodt, Lucent Power Systems and Simplex Time Recorder acquisitions, which strengthen the product offerings and sustainable growth of each of their respective segments. We are excited about the pending acquisition of The CIT Group and the opportunities it will provide for us upon completion.
Integration planning for a smooth transition is well underway.
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