DHL Corporation and Subsidiaries - Page 15

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          arrive at opinions of value.  One of respondent’s expert’s                  
          reports reflects worldwide values for the DHL trademark of $287             
          million and $409 million as of the 1990 and 1992 valuation dates,           
          respectively.15  He also opined that DHL’s right to use the                 
          trademark for 15 years beginning 1992 had a 1992 value of $58               
          million and that DHLI’s use of the trademark for 1982 through               
          1992 had a value of $83,129,000.                                            
               Respondent’s other expert opined that the DHL trademark had            
          worldwide values of $327.5 million and $489.6 million as of the             
          1990 and 1992 valuation dates, respectively.16  He also opined              
          that DHLI’s use of the DHL trademark for 1984 through 1992 had a            
          value of $57.095 million, and DHL's 15-year use of the trademark,           
          beginning in 1992, had a $46.4 million value as of 1992.  He                
          calculated DHLI’s revenues attributable to DHLI’s use of the DHL            
          trademark, as follows:                                                      



               15  This expert offered by respondent ascribed separate                
          trademark values to the U.S. and non-U.S. rights as follows:                
                              1990                     1992                           
          U.S.           $93 million              $102 million                        
          Non-U.S.        194 million              307 million                        
          Worldwide      287 million              409 million                         
                                                                                     
               16  Respondent's other expert assigned separate trademark              
          values to the U.S. and non-U.S. rights as follows:                          
                              1990                     1992                           
          U.S.           $89.3 million            $122.2 million                      
          Non-U.S.        238.2 million            367.4 million                      
          Worldwide      327.5 million            489.6 million                       




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