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


To: don kramer who wrote (1332)4/8/1998 1:42:00 PM
From: Geoff  Respond to of 6439
 
That's funny, last week Bloomberg reported the same story, they too claimed RJR will make the announcement on Wed. I wonder what gives. Another trial balloon? Or is this one for real?



To: don kramer who wrote (1332)4/8/1998 1:44:00 PM
From: Geoff  Read Replies (1) | Respond to of 6439
 
Here's the full story off CNNfn....

Tobacco firms snuff deal

Cigarette companies plan to pull out of
existing tobacco settlement pact

Live: RJR Nabisco CEO

April 8, 1998: 1:10 p.m. ET

Clinton: tobacco
pact likely - April
3, 1998

Tobacco bill
draws fire - April
2, 1998

Tobacco BBS

RJR Reynolds

NEW YORK (CNNfn) - Shares of tobacco
companies rose after word surfaced that the five
major tobacco companies are withdrawing their
support for federal legislation to raise the cigarette tax
and curtail teenage smoking.
The five companies are RJR Nabisco Holdings
Co., parent of R.J. Reynolds, Philip Morris Cos.,
Lorrilard, Brown & Williamson and U.S. Tobacco.
Shares of RJR Nabisco (RN) were up 1-1/16 to 30
while Philip Morris (MO) gained 1-15/16 to 39-1/2.
U.S. Tobacco (UST) gained 1-7/16 to 30-5/16.
Brooke Group (BGL), parent of Liggett Group, rose
3/16 to 15-3/4.
Tobacco stocks had fallen earlier in the week,
edging near their 52-week lows.
Roy Burry, tobacco analyst at CIBC Oppenheimer,
said if any investors were thinking about buying
tobacco stocks, "Now is the time."
"The stocks have performed very poorly over the
last six to nine months and now we have the
realization that if nothing comes out of Congress, it's
back to litigation. That's fine. The industry was doing
just fine with that."
The Clinton Administration officials told CNN that
White House allies in the tobacco debate had been in
contact with Reynolds officials but were unable to
change the company's position.
One senior White House aide said it was unclear if
Reynolds' decision was permanent or part of an effort
by tobacco companies to pressure Congress to change
provisions of the legislation to make it more palatable
to tobacco companies.
President Clinton, during a tour of a Chicago
school, said he hoped R.J. Reynolds would reconsider,
but said it is critical for Congress to act on the issue
regardless of the company's position.
"I've been working for two years on this and I don't
intend to stop now," the President said. (128K WAV)
or (AIFF)
The tobacco industry reached an agreement with
attorneys general from 39 states in June 1997 to pay
$368.5 billion in a settlement to cover the health care
costs of people with smoking-related illnesses.
That settlement still has to be enacted by
Congress. Last week, the Senate Commerce
Committee approved a bill that would require the
tobacco industry to pay $516 billion over 25 years, a
move that angered tobacco companies.



To: don kramer who wrote (1332)4/9/1998 2:51:00 AM
From: don kramer  Read Replies (3) | Respond to of 6439
 
...and now,... DK's opinion...

OUTSTANDING ! ! ! ! ! ! ! ! ! ! !

Goldstein was not playing games.
He apparantly received permission from his board, to spend
money to go up against the President and Congress, and speak
to America about coersion, hidden taxes, hidden spending
programs,, etc...I expect to see him on TV. I also watched
the speech on CNN-2. Quick, sharp, veryyyy sharp. No amateur
here. I say we back him. E-mail RJR as a MO stockholder.
Say, you did good.


ha, ha, ha, ha, ha, ha, ha, Congress, what a bunch of
crap, they are! Self rightous, egotistical, hypocritical,
self serving, professional liars all careerist. Trained to
talk but in the end, not back up with backbone, ethics.
The American Indians should have not given up. They know,
that the government always lied.
Like a used-car salesman.

On a very serious, note, if these are the best, we can elect,
then, there is something seriously wrong with the population
of this country. I have nothing but contempt, distrust, and
disgust for these politicians.

Another thing, that is on my mind, the Congress think that
RJR, MO, BAT, the others are playing games, Poker, Monopoly
Congress , Clinton, his staff, their staff, they just do not
get it! It is almost, as if, there are no adult supervision
in Washington, D.C.

The Congress and the Administration, are NOT the high powered
collection of thinkers ...They exhibit NO wisdom. Game playing.

The win (by Tobacco) against the plaintiff in the in Illinois
second hand smoking case, and the current Minn. case my prove to
be a double win!

One last note, during the Goldstein speech, more than once,
the consititutional questions, of freedom of speech, through
advertising, and the issue of punative damages, came up.
I suspect, from reading between the lines, that there is a very
strong case which favors the tobacco industry.

How can the Commerce committee arbitrarily declare that the
Camal picture on RJR pack is dangerous? and must be removed.
So that no one can see it. How does a picture , a logo, a trademark,
become dangerous and illegal to display. By gosh, does not the
ACLU go to court to allow Nazi's to parade around with Third Reich
swastika flags????

Who the hell is running this asylum, in WASHINGTON, DC ~~~!!!~~~???

enough,
as I said in many previous msgs. purchasing MO is a value play.
Bet the ranch.

dk