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To: Gus who wrote (8877)	10/17/2000 1:36:29 AM
From: Mark Madden	Read Replies (1) \| Respond to of 9256

Let me imagine how the lawsuits could go. If the 4 or 5 California lawsuits settle for $50 million with a 40% contingency fee 12 to 15 lawyers (guess) could rake in $20 million to divide up for 6 months work. Wouldn't they go for a quick settlement? The stockholders could get another $0.12 per share. The company could take the $50 million from their $1.3 billion cash and write it off as an incidental expense. I do not see how the lawsuits could slow the process down. I thought I heard in the conference call that SEG hoped to get approval for the vote soon. I assumed they meant approval from the SEC. Morgan Stanley had to back off their fairness statements because of their involvement. Maybe it is difficult to get a fairness statement for a deal that pays the stockholders $5 for a company that has more than $5 cash and a $6 billion dollar business pulling out of the worst downturn in history. Who would do business with company that made a statement like that? Regards, Mark