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Gold/Mining/Energy : CONOCO Biggest IPO Ever? -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (4)	10/21/1998 9:06:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 20

One has to wonder about the timing of this thing with Exxon,Amoco about to report poor earnings? But I guess no one knows about meeting expectations? Jeff

To: Fredman who wrote (4)	10/25/1998 10:21:00 AM
From: John S. Baker	Read Replies (1) \| Respond to of 20

DuPont's expressed reason for spinning off Conoco is that DD wishes to focus on life sciences, ie biotech type things. Some speculation that DD may take a look at ABTX, which controls roughly half the turf and grazing seed business in USA with considerable proprietary germ plasm, and has forged some very nice links to sources of biotech (gene) capabilities which might be incorporated in their seeds to increase yields, improve digestability, etc -- all things which tend to produce margins far higher than those now found for simple seeds. JSb. (long-term long in ABTX and, recently, in COC)