It would be a good matchup...but it wouldn't work. Pippen, as good a defender as he was...wouldn't be able to contain kobe by himself. They'd have to bring help from the backside every so often, and wennington and longley would have to either waste fouls on him, or he'd dish to shaq and he would throw it down every time.
Hack a shaq only works for 10 fouls, aside from that he would dominate. The bulls had good defense, and they might be able to contain the Lakers...but who the hell is gonna score aside from Jordan? Pippen is good for a couple 3's and some nice moves to the bucket...but rodman? Wennington? Longley? That's 3 players that wouldn't score a point during the whole game...aside from maybe a few foul shots. You can't have people like that on the floor. Everyone on the lakers would contribute on offense, whereas the bulls would be playing 2 on five on the offensive end.