This is just the beginning for Philip Morris, and depending on the success of this new product ... we expect the company to organically launch a full range of other smokeless tobacco products.
We're not convinced that the major manufacturers will succeed in getting the $1 billion ...but this battle could lead to another settlement (and) an ironclad partnership between the states and tobacco manufacturers.
We would not be surprised if this battle leads to some form of another settlement which could result in an even more ironclad partnership between the states and tobacco manufacturers.