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Technology Stocks : Pepsi Bottling Company (PBG) -- Ignore unavailable to you. Want to Upgrade?

To: JERRY GACH who wrote (1)	3/31/1999 12:14:00 AM
From: Neil H	Read Replies (1) \| Respond to of 13

Jerry Sorry I do not know the answer to your question. Pepsi Bottling may pop on debut PepsiCo unit's debut priced at $23 a share By Debra McGarry, CBS MarketWatch Last Update: 6:06 PM ET Mar 30, 1999Also: NewsWatch SOMERS, N.Y. (CBS.MW) --Shares of the Pepsi Bottling Group, manufacturer and distributor of PepsiCo (PEP) beverages, are expected to begin trading Wednesday. The initial offering of 100 million shares was priced Tuesday at $23 a share, at the low end of the expected price range of $23 to $26. The offering, led by underwriter Merrill Lynch, includes an overallotment of an additional 15 million shares. The No. 2 drink maker set plans for the spinoff to compete with archrival Coca-Cola (KO). Coca-Cola shares slumped 2.4 percent Tuesday to close at 63 1/4 after the company warned that worldwide sales could drop as much as 2 percent in the first quarter. Several analysts then cut the stock's rating. See full story. Pepsi Bottling Group makes and distributes such PepsiCo beverages as Mountain Dew, Lipton's Iced Tea and Slice. It accounts for 55 percent of all PepsiCo products sold in North America. Pepsi Bottling will be listed under the symbol "PBG" on the New York Stock Exchange.

To: JERRY GACH who wrote (1)	4/3/1999 12:44:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 13

Good question... I've got a call in to Investor Relations on just that question, Jerry. In the two years that I have held Pepsi stock, the only good thing that has come out of it is the YUM spinoff. This is no small thing, I would agree, YUM has done exceptionally well, and it makes my real return on PEP stock acceptable. But can Pepsi legally sell a part of itself and not give some form of benefit to shareholders? Or maybe PEP is doing us a BIG favor by getting rid of bottling operations, LOL. PBG gets all the debt! DocStone