Dividends: Pie in the Eye

The $800 million-per-year frozen-pizza business is heating up over charges and countercharges by the industry's two top competitors, Jeno's Inc. of Duluth, Minn., and Totino's pizza, a division of Pillsbury Co. of Minneapolis. The industry leader since the early 1970s, Jeno's has watched its slice of the market shrink to 20% since Pillsbury acquired Totino's in 1975. Fighting back, Jeno's sued Pillsbury last October for a mouthful of pizza sins, including "pizza crust patent infringement." In its suit, Jeno's maintained that Totino's had stolen the secret Jeno's crisp crust production process...

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