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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (6265)	7/18/2001 6:23:31 PM
From: Ian@SI	Respond to of 6439

Philip Morris Statement On Department of Justice Tobacco Lawsuit Meeting WASHINGTON, Jul 18, 2001 (BUSINESS WIRE) -- Lawyers for Philip Morris met with representatives of the Department of Justice today to discuss the government's lawsuit against the tobacco industry. The meeting was a frank but courteous exchange of views from both sides. Philip Morris continues to believe the lawsuit is without merit and should be dismissed. No further meetings have been scheduled at this time.

To: md1derful who wrote (6265)	7/26/2001 10:40:05 AM
From: jayhawk969	Respond to of 6439

Excerpt from Today's WSJ interactive.wsj.com "Trying to defuse a widening public-relations crisis, a top executive at Philip Morris Cos. apologized for a company-funded report calling cost savings from smokers' early deaths one of the "positive effects" of cigarette consumption. "We understand that this was not only a terrible mistake, but that it was wrong," Steven C. Parrish, a senior vice president, said in an interview Wednesday. "To say it's totally inappropriate is an understatement." Philip Morris officials in the Czech Republic last month distributed an economic analysis concluding that cigarettes aren't a drain on the country's budget, in part because the government saves money on health care, pensions and housing when smokers die prematurely."