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

To: IRVINESULLY who wrote (3419)	3/20/1999 10:54:00 AM
From: Theo Karantsalis	Read Replies (1) \| Respond to of 6439

Welcome, new Philip Morris friends. Sat, 20 Mar 1999, 10:41am EST Morgan Stanley's Adelman on Tobacco Verdict in Ohio: Comment New York, March 18 (Bloomberg) -- Comments from Morgan Stanley, Dean Witter & Co.'s David Adelman on an Ohio jury siding with tobacco companies in a case brought by more than 100 labor union trust funds. In seeking $2 billion, the trust funds charged the tobacco companies -- including Philip Morris Cos. and RJR Nabisco Holdings Corp. -- concealed the true risks of smoking and targeted blue-collar workers, minorities and children as customers. The jury rejected those claims after three days of deliberation. Adelman has a ''strong buy'' rating on Philip Morris shares and an ''outperform'' rating on RJR stock. ''It's encouraging that the industry didn't run to settle this case, that it was very willing to take it to the jury. It shows that the industry isn't going to flinch and settle claims when faced with large cases seeking billions of dollars. That's going to enhance and improve investors' confidence in tobacco companies.'' ''It was particularly encouraging because the judge was consistently ruling against the industry, the tobacco companies weren't able to focus their defense upon the conduct of the smoker, and the trial was structured in such a way that you had one ruling on liability and a second on damages, which made it harder for the industry to prevail.'' ''This verdict shows investors that the industry can deal effectively with internal documents.''

To: IRVINESULLY who wrote (3419)	3/20/1999 11:25:00 AM
From: md1derful	Read Replies (1) \| Respond to of 6439

Ginny: I still think you are off on the nature of the "addiction"..you seem to be touting the trial lawyers line about addiction very well..lets not rush to judgement!! Do you also believe that silicon breast implants are causing women to go crazy..medicine doesn't, yet the trial lawyers have made a fortune on that one, and thegeneral public, such as yourself, I guess, are convinced that there is a relationship...try to keep an open mind about the nature of this "addiction". I can tell you from my experience in medicine, that most of the people I know have quit quite successfully, including myself (I loved it in college, but always realized it was not healthy) and I just quit..bingo..JUST QUIT!! So what is it...you say people can't quit, and I say they can...a bit controversial wouldn't you think?? Don't be so dogmatic, keep an open mind about these issues. The nature of the addiction imho, is clearly different from that of other addicted substances..clearly different..and we don't clearly understand the nature of tobacco addiction..I do agree with you that its a disgusting habit and I hate being around smokers..obeisity is equally disgusting and equally deadly..lets sue the food companies..you see, its all a matter of personal choice..regards.