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To: Kayaker who wrote (110616)	1/10/2002 12:47:17 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Off topic : AP News -- Insurers: WTC Collapse Was One Event [I guess none of us should be surprised that insurance companies do not really want to pay an extra (roughly) $3.5 billion.] January 9, 2002 Insurers: WTC Collapse Was One Event By THE ASSOCIATED PRESS Filed at 11:59 p.m. ET NEW YORK (AP) -- A lawyer for Travelers Indemnity Co. told a federal court Wednesday that one hijacked airliner could have felled both the World Trade Center towers because they shared a six-story basement. After a plane hit the first tower on Sept. 11, it ``may well have rendered the second building unusable even in the absence of a second airplane,'' attorney Harvey Kurzweil argued at the hearing. The trade center's lead insurer, Swiss Reinsurance Co., filed suit on Oct. 22 asking a judge to declare that the two-plane attack was one occurrence -- thereby meriting only one insurance payout. Trade center leaseholder Larry Silverstein countersued Swiss Re and filed a separate suit against Travelers. He says the attack on the two 110-story towers constituted two events under his policy, and that he should receive two insurance payouts of $3.55 billion each. Barry Ostrager, a lawyer for Swiss Reinsurance, called causation of the towers' collapse ``a factually complex issue.'' But Herbert Wachtel, Silverstein's lawyer, called the issue ``a total and complete red herring.'' Silverstein is seeking a summary judgment in the Travelers suit because, his lawyers say, the Travelers policy does not define the word ``occurrence.'' Absent such a definition, they believe state case law is in their favor. The judge gave Wachtel two weeks to prepare his motion for summary judgment and Kurzweil two months to respond. The judge also granted a request from Wachtel to add 19 other insurers to Silverstein's suit against Swiss Re. Copyright 2002 The Associated Press

To: Kayaker who wrote (110616)	1/10/2002 1:10:57 PM
From: Kayaker	Respond to of 152472

08:59 ET RF Micro Device (RFMD) 17.02: Hearing from sources that SoundView reiterates its STRONG BUY; says worries about an inventory overhang are overblown and checks of module subcontractors and GAAS wafer suppliers do not find any major changes. SoundView also defends broader wireless equipment group after recent declines, says checks with Cingular, Verizon, and AT&T Wireless reveal handset inventories at seasonally normalized levels; prefers NOK and ERICY to names with heavy CDMA exposure such as QCOM and MOT. #reply-16888435