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

To: Geoff who wrote (2474)	10/12/1998 1:03:00 PM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 6439

Geoff, The AG I talked with told me the state cases are very weak and the states are anxious to settle, they are afraid to go to court. It seems to me the states are playing the popular game of bashing the tobacco companies in the press for political reasons. He said a settlement will be reached before congress can address the issue again. He felt that congress screwed up the settlement chance they had. If tobacco would give the advertising concessions the AG's want the settlement would come soon but I am sure the tobaccos know they have a stronger case than the states so they are holding out. Also, if you can't advertise your product and the settlements are tied into sales how can the states get the billions they want. Tobacco has held firm on the payments being tied to tobacco sales and not other business. The states want all business tied to payments. Coz