Tyco starting to see modest pulift in topline and growth in services and product The company does not expect any sizable transactions to come to a close in the new term, but it said it is "actively" looking for a number of opportunities of varying sizes. Tyco continues to see strong growth in Asia and other growth markets, continued stabilization in Europe, expecting it to be a modest contributor to growth in 2H14. The overall economy continues to be soft in Australia, with the mining sector significantly impacted. Tyco has seen a pick up in orders in April and with the backlog of $5B, the company expects a solid second half of the year. Comments taken from Q2 earnings conference call.