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To: Roads End who wrote (18560)	2/28/1998 1:09:00 PM
From: WTSherman	Read Replies (2) \| Respond to of 97611

<<Since this is the largest merger in the industry no one can give you an example of one that was successful.>> Riechers, I'm not pretending to know something that management doesn't, but, I can give you an endless list of large scale mergers that either failed or took a long time to pay off. Anyone who says that differences in corporate cultures is "psycho-babble" has never been involved in one of these. Though its a different industry, look at what happened to Danka when it took over a huge piece of Kodak's business. The difference in cultures was HUGE and the result was a mess for Danka. How about the merger that created Bay Networks, read the management statements in the year after that. Combining large companies is no small trick. That's not to say it can't be done, its not easy.