Tyco ( TYC) investors seem to be viewing this week's courtroom drama as a mere sideshow. A combative jury, clashing over the fate of two former executives accused of looting the company, has left open a sordid chapter in Tyco's history. But Wall Street long ago skipped past the blank pages and gambled on a happy ending. With the suspense level high, fans plunged into Tyco's stock and, in some cases, managed to double their money and more in just a year. Today, Tyco is no longer the high-powered acquisition machine that nearly skated over the cliff. It has instead evolved into a stable -- even boring -- company that makes a notable effort to operate firmly within the boundaries of good corporate governance. Certainly, its conservative leaders hardly resemble the characters currently on trial. To be sure, CEO Edward Breen is well compensated. He picked up 600,000 restricted shares and 200,000 options just this week. But Breen has pocketed his big paychecks -- including $3.5 million in cash and bonuses last year -- while restoring billions of dollars in shareholder value. In contrast, former CEO Dennis Kozlowski and former CFO Mark Swartz stand accused of stealing $600 million from the company -- and nearly destroying this onetime Wall Street favorite in the process. So there are those who believe that Breen has already moved Tyco's stock more than any jury verdict possibly could. After all, when Breen took over in the summer of 2002, there were plenty of bears speculating that the company was headed for dire straits. Now, Tyco has many more fans than critics. "Regardless of the outcome of the trial ... we do not believe that the legal proceedings against the former management will have any meaningful fundamental impact on Tyco as a company today or its shares," Merrill Lynch analyst John Inch wrote on Monday. "We think that any attempt to connect the present trial and shareholder litigation is both speculative and, at minimum, unclear." Tyco shares jumped 2% Monday to $27.96 as the jury continued deliberating.