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Non-Tech : Spin-Off Discussion

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To: KevRupert who started this subject	1/16/2001 7:55:57 PM
From: KevRupert	of 36

Philip Morris will IPO 15-20% of Kraft in early 2001. Cost savings will be $200 million per year. Kraft will incorporate Nabisco under its umbrella. (11/20/2000 Value Line)

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