Stocks in Motion: Linn Energy

Shares of Tyco(TYC Quote) were among the NYSE's losers Friday, falling 9% after the conglomerate cut its first-quarter earnings guidance and laid out plans for a breakup into three separately traded companies.

Tyco now sees first-quarter earnings from continuing operations of about 38 cents a share, down from an earlier view of 40 cents to 42 cents a share. Analysts polled by Thomson First Call had been projecting earnings of 42 cents a share. For all of 2006, the company now sees earnings of $1.85 to $1.92 a share, below Wall Street's projection of $2.01 a share.

As for the company's business reorganization, Tyco plans to separate its health care and electronics businesses from the rest of the company. "After a thorough review of strategic options with our board of directors, we have determined that separating into three independent companies is the best approach to enable these businesses to achieve their full potential," the company said. The breakup plan is expected to cost about $1 billion. Shares recently were trading down $2.71 to $27.60. ...