And people wonder why I'm cynical about corporations.

I used to have a bumpersticker that read "Proudly Serving My Corporate
Master" until it was ripped off -literally. I guess some suit took offense.

larry

--
Larry C. Lyons
ColdFusion/Web Developer
Certified Advanced ColdFusion 5 Developer
EBStor.com
8870 Rixlew Lane, Suite 204
Manassas, Virginia 20109-3795
tel:   (703) 393-7930
fax:   (703) 393-2659
Web:   http://www.ebstor.com
       http://www.pacel.com
email: [EMAIL PROTECTED]
Chaos, panic, and disorder - my work here is done.
--

> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
> Sent: Friday, May 03, 2002 11:35 AM
> To: CF-Community
> Subject: Corporate daisy petals
> 
> 
> They love us, they love us not, they love us...
> <hee hee>
> 
> <cf_Corporate soap opera>
> 
> NEW YORK, May 3 (Reuters) - Independent oil refiner and 
> marketer Tesoro Petroleum Corp. (NYSE:TSO - news) said 
> Friday it plans to complete its $1 billion purchase of 
> Valero Energy Corp.'s (NYSE:VLO - news) Golden Eagle 
> refinery in California, despite concerns that liquidity 
> problems would halt the deal. 
> 
> "Tesoro is still planning on closing the Golden Eagle 
> acquisition after we have all necessary approvals. We 
> intend to close the acquisition on a basis that will 
> insure adequate liquidity following the closing, even in 
> a below-average margin environment," according to a 
> statement released by Tesoro Friday morning. 
> 
> The reconfirmation of Tesoro's intention to buy the 
> 168,000 barrel per day (bpd) plant near San Francisco 
> comes after Tesoro Chief Executive Bruce Smith cast 
> doubts during a conference call Wednesday, saying 
> Tesoro "will not close the Golden Eagle asset if we're 
> not confident we have adequate liquidity." 
> 
> </cf_Corporate soap opera>
> 
> Stay tuned for the next exciting episode...
> Maybe they will actually set the wedding date this time!!
> 
> -Ben
> 
> 
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