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Non-Tech : PEP -- Time to buy?
PEP 142.850.0%Nov 5 3:59 PM EST

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To: Kelly Sheppard who wrote (186)7/28/1997 9:30:00 PM
From: paul gambuto   of 392
 
kelly, i was told that the writer of the call would be responable for any spinoff. my guess is, your 1 call will be good for 1 share of pepsi and 1 share of tricon. i don't see how they could do it another way. if they did then how would they figure out the adjusted strike price.

paulie
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