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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP
SPLS 10.250.0%Sep 28 5:00 PM EST

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To: Scrapps who wrote (53)5/6/1997 9:38:00 PM
From: AL TOTH   of 297
 
Scrapps--As Ive stated earlier,IMO if this actually goes to a
judicial ruling, I feel SPLS/ODP will prevail. The management
of these companies are fighters. However this fight will be costly
and I dont just mean legal fees. ODP was already having problems with
its commercial division that will be further hurt by this delay.
Employee uncertainty, delayed expansion plans are just several of the
problems caused by this ruling delay.

If the ruling goes against them IMO ODP will sell its commercial
division to Corporate Express or Boise Cascade OP so it can
concentrate on its retail stores.

Al
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