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To: jwk who wrote (9776)10/1/1998 2:04:00 PM
From: Charles T. Russell  Read Replies (1) | Respond to of 14347
 
>> Possibly, but there is also a cost to waiting. Time is not free.

This is true, waiting can be very risky. But, Texaco may know of competitive technologies that already exist (just speculation) and may be developing their own.

The cost of waiting may be canceled out by the savings on royalty payments and licensing costs.

The bottoms aren't going anywhere..