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To: Elwood P. Dowd who wrote (93799)11/19/2001 5:33:37 PM
From: Night Writer  Read Replies (2) | Respond to of 97611
 
El,
It strikes me that dividends are extremely important to foundations like Packard. A article said that foundations need to give away 5% of their assets each year to retain their tax free status. Cutting the dividend would really hurt them. Keeping a healthy dividend would really help them. This is going to be a tough decision for them.
NW