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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 (1587)	5/15/1998 4:11:00 PM
From: MythMan	Read Replies (1) \| Respond to of 6439

This may explain the weakness near the close. biz.yahoo.com

To: AgAuUSA who wrote (1587)	5/16/1998 4:33:00 AM
From: Thomas Haegin	Respond to of 6439

Greg and All on spin-offs: Let me just throw in that BAT is spinning off/merging their financial services business with Zurich Insurance later this year as already announced in late 97. Sooner or later it may be the right thing for MO to do also, but I personally am rather indifferent to it. Thomas

To: AgAuUSA who wrote (1587)	5/18/1998 4:59:00 PM
From: P.T.Burnem	Read Replies (1) \| Respond to of 6439

Hum, I'm very doubtful of bankruptcy for RN or MO. No, they will either spin tob off or go off shore. No doubt. I am not sure a spin-off remains an option: But at this point, changes in the McCain bill include an $8 billion annual limit that the industry would have to pay in legal judgments, up from $6.5 billion. Parent companies, as well as the tobacco subsidiaries, would be liable , Daschle said. If that were not enough: In addition, the modifications clarify that people can sue based on claims of nicotine addiction. They do not need to have actually developed a disease like emphysema or lung cancer to pursue a lawsuit. Going off-shore would only make it easier for tax-addicted politicians to levy charges against the tobacco companies.