Two items: Brink's news and Blair leaves Breen team for Barack
Here are a couple news items: First: Tyco International, parent company of ADT and SimplexGrinnell, announced last night that one of its board of directors is leaving the Breen team for a post in the Obama administration. Former Tyco director Admiral Dennis C. Blair was confirmed on Jan. 29 as U.S. Director of National Intelligence. Here's a description of what the the U.S. Director of National Intelligence does: The Director of National Intelligence (DNI) serves as the head of the Intelligence Community (IC), overseeing and directing the implementation of the National Intelligence Program and acting as the principal advisor to the President, the National Security Council, and the Homeland Security Council for intelligence matters related to the national security. Working together with the Principal Deputy DNI (PDDNI) and with the assistance of Mission Managers and four Deputy Directors, the Office of the DNI's goal is to effectively integrate foreign, military and domestic intelligence in defense of the homeland and of United States interests abroad. In a prepared statement Tyco CEO Ed Breen said
"We congratulate Admiral Blair on his appointment to serve our country as Director of National Intelligence in the new administration of President Obama," said Ed Breen, Tyco Chairman and Chief Executive Officer. "Admiral Blair has served our Board with distinction and dedication since 2003 and we thank him for his many contributions to Tyco."Here's some more info on Blair from the press release: Admiral Blair (USN, ret.) joined Tyco's Board of Directors in 2003 and previously served as President and Chief Executive Officer of The Institute for Defense Analyses, a federally funded research and development center. Admiral Blair retired as Commander-in-Chief of the U.S. Pacific Command in 2002, after more than 34 years of service in the United States Navy. And an unrelated item. Things are looking good stock-wise for Brinks Home Security according to investor.com. This snippet from yesterday.
Brink's Home Security (CFL) rose 3%. The recent IPO hit a new high after a pullback to its 10-week line. This is the third straight day of gains in above-average volume. It's Relative Strength line is at an all-time high. Brink's is in the No. 4-ranked industry group.