P526 ORACLE 526 Sat29 Jul C4 2200:01   WARNER HAS TIME  ON ITS SIDE It may take several months before Wall Street gives its verdict on the $14bn merger between Time and Warner. Time won the right to buy control of Warner after a US court ruled against Paramount's $12.2bn bid for Warner. Paramount pulled out of the battle leaving Time to get on with its cosy takeover which may take months to complete. Some on Wall St believe Time-Warner shares will trade at about $150 each but this is only guesswork until Time sorts out its funding for the merger. ORLANDO HOLIDAY BARGAIN see p599 Next Story Units Your Money Diversions