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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (3219)	10/9/1998 8:30:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 7247

Turn on CNBC by 8:30 a.m. Eastern. Faber just asked LU CEO about possible acquisitions, and he'll address question after commercial break.

To: Tim Luke who wrote (3219)	10/9/1998 8:36:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 7247

McGinn handled Faber's question in a predictably smooth manner: i.e., said nothing. Targeting high-growth segments; LU spending $4.5B in internal R&D this year and will continue to weigh this "organic growth" with acquisition possibilities; opportunity for pooling isn't materially re-shaping acquisition strategy; discounted long-term effect of dilutive acquisitions, saying the impact would be so small (1/2 cent per share was his example) that it'd be negligible over time. No specifics.