European analysts have speculated, however, that Philip Morris may still be in the market for other big companies.

European analysts say levels of 30 percent to 40 percent are generally acceptable.

At a price-to-earnings ratio of 27, many American and European analysts agree that the securities are expensive.

"They were slowly changing the face of Egyptian retailing," a European economic analyst here said.

European analysts have predicted that dominance in European television will go to the company with the best programming.

European analysts called those elections, which created the current Parliament, flawed.

But some European analysts predicted the gap would widen significantly.

Spanish and other European analysts have been less enthusiastic about Telefonica.

Certain European analysts think there is a good chance that the Dow could reach 3,000 - or higher - before long.

Many Eastern European analysts say the concerns about foreign domination are exaggerated.