111.   But Wayman maintained that the merger is the correct course for HP.

112.   But Western still firmly thinks the merger is in the best interests of employees, ratepayers and shareholders, Koupal said.

113.   But, Hewlett insisted, the Compaq merger is a dangerously risky, very costly step toward that strategic objective.

114.   By giving more consumers access to broadband service, the merger is likely to speed up the process of convergence.

115.   By the time the merger was unveiled in early September, he was a firm believer.

116.   Career Horizons, with headquarters in Woodbury, N.Y., will operate as a subsidiary once the merger is complete.

117.   By the time International Business Machines Corp. and Lotus announced their agreement Sunday, the merger was a foregone conclusion in the computer industry.

118.   Certainly there are things you cannot tell rank-and-filers until the merger is official, but let them in on everything else.

119.   Charles Ergen, the chief executive of EchoStar, has said that the merger is necessary to allow satellite television to compete with cable TV.

120.   CBS also formally announced that the planned merger with QVC is off.