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

To: AgAuUSA who wrote (1580)	5/15/1998 2:16:00 PM
From: Benchman	Read Replies (1) \| Respond to of 6439

There must be some of thick steel ceiling right above 35 3/4. Everytime the ask reaches 35 3/4, it becomes a selling bonanza. At the same time, it's seems to be having resistance going below 35 9/16 (I know it touched 35 1/2 earlier, but for the last hour or two 35 9/16 is the low). Rob.

To: AgAuUSA who wrote (1580)	5/15/1998 3:29:00 PM
From: P.T.Burnem	Read Replies (1) \| Respond to of 6439

Or, they will spin tobacco off to shareholders. Not likely. REUTERS 05/01 22:53 Philip Morris shareholders support company tobacco stand Bible, in response to a shareholder's question, said the company has no plans to move offshore to avoid operating restrictions that could be placed on the domestic tobacco industry by proposed legislation in Congress. "It's a very inviting prospect, I have to tell you, but it's not our plan," Bible said. "We take our hits, but we seem to survive and come out in pretty good shape on the other end. ... We plan to stay here." In response to a shareholder query on spinning off the company's food business from its tobacco business, Bible said the proposal was soundly rejected by shareholders in a proxy vote in past years. The world's largest tobacco company, Philip Morris also operates the second-largest food company and is the third-largest beer brewer.